Winston Represents Specialty Building Products, LLC in a $510.0 Million Senior Secured Notes Offering

Winston represented Specialty Building Products, LLC, a portfolio company of Winston client TJC, L.P., in connection with a Rule 144A/Reg. S offering of $510,000,000 aggregate principal amount of 7.750% senior secured notes due 2029 issued by Specialty Building Products Holdings, LLC and SBP Finance Corp. In connection with the notes offering, Winston also represented Specialty Building Products in connection with a $215,000,000 incremental term loan B add-on facility and the amendment and extension of an asset-based revolving credit facility. Proceeds from the offering were used, together with the proceeds of the incremental term loan B add-on facility, to refinance existing debt securities. Specialty Building Products, LLC is a leading distributor of specialty building products in North America.

Finance partner Jordan Traister led the finance team with support from associates Shreyansi Agarwal, Sam Levinson and Linda Ye.

Capital markets partners Keerthika Subramanian and Justin F. Hoffman led the capital markets team. Capital markets associates included Jacob Tabman, Andrew Butler, Allan Jeanjaquet, Jeremy Chang and Gregory Garcia, assisted by law clerks Ashley Barnett and Silvio Pantoja. 

Tax partners Lou Weber and Don Goff led the tax team with support from associate Scott Englert.