Latham & Watkins Advises on Beacon Roofing Supply, Inc.’s Upsized US$600 Million Senior Secured Notes Offering

Beacon Roofing Supply, Inc. (Nasdaq: BECN), a distributor of building products, has announced the pricing of US$600 million aggregate principal amount of its 6.500% senior secured notes due 2030 in connection with its previously announced private offering. The size of the Notes offering has been upsized from US$500 million to US$600 million. The Notes will be fully and unconditionally guaranteed by Beacon Sales Acquisition, Inc. The initial offering price to investors will be 100.000% of the principal amount thereof. The offering is expected to close on July 31, 2023, subject to customary closing conditions.

Latham & Watkins represented the initial purchasers in the offering with a capital markets team led by New York partners Corey Wright and Andrew Blumenthal, with associates David Califano and Isabelle Sawhney. Advice was also provided on banking matters by associate Jennifer Dweck; and on tax matters by New York partner Jiyeon Lee-Lim, with associate Ted Gkoo.