Installed Building Products prices $500M 5.625% senior notes due 2034

Installed Building Products, Inc. is refinancing debt by pricing a private offering of $500.0 million aggregate principal amount of 5.625% senior notes due 2034.

Rhea-AI Filing Summary

Installed Building Products, Inc. is refinancing debt by pricing a private offering of $500.0 million aggregate principal amount of 5.625% senior notes due 2034. The notes are being sold to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, with closing expected on or about January 21, 2026, subject to customary conditions.

The company plans to use the net proceeds to redeem in full its outstanding 5.75% Senior Notes due February 1, 2028, pay related fees and expenses for the redemption, an amended and extended asset-based lending credit agreement entered into simultaneously with the new notes, and the issuance itself, and for general corporate purposes. The redemption of the 2028 notes will only occur if the 2034 notes are successfully issued and provide sufficient net proceeds.

Insights

Corporate credit and capital structure analyst

IBP is refinancing 2028 notes with a larger 2034 bond at a slightly lower coupon.

Installed Building Products has priced $500.0 million of 5.625% senior notes due 2034 in a private offering to institutional and non-U.S. investors. The transaction is structured under Rule 144A and Regulation S, which keeps the issuance outside public registration while accessing a broad institutional buyer base.

The company intends to use the net proceeds primarily to redeem its existing 5.75% Senior Notes due 2028, along with paying fees and expenses tied to that redemption, an amended and extended asset-based lending credit agreement entered into simultaneously, and the new issuance. This shifts its debt maturity from 2028 to 2034 and modestly reduces the coupon rate as disclosed.

The redemption of the 2028 notes is expressly conditioned on completion of the 2034 notes issuance and receipt of sufficient net proceeds, so the refinancing depends on successful closing expected on or about January 21, 2026. Future disclosures in company filings may provide more detail on the amended asset-based lending facility and the combined impact on overall interest expense and liquidity profile.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Installed Building Products (IBP) announce in this 8-K filing?

Installed Building Products announced the pricing of a private offering of $500.0 million aggregate principal amount of 5.625% senior notes due 2034, with closing expected on or about January 21, 2026 subject to customary conditions.

What are the key terms of IBPs new 2034 senior notes?

The new securities are 5.625% senior notes due 2034 with an aggregate principal amount of $500.0 million, offered in a private transaction to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.

How does Installed Building Products plan to use the proceeds from the 2034 notes?

IBP intends to use the net proceeds to redeem in full its outstanding 5.75% Senior Notes due February 1, 2028, pay fees and expenses related to the redemption, an amended and extended asset-based lending credit agreement entered into simultaneously, and the issuance of the 2034 notes, and for general corporate purposes.

Is the redemption of IBPs 5.75% Senior Notes due 2028 guaranteed?

No. The filing states that redemption of the 5.75% Senior Notes due 2028 is subject to, and conditioned upon, completion of the issuance of the 2034 notes and receipt of sufficient net proceeds from that issuance.

Are the new 2034 notes registered with the SEC?

The filing states that the 2034 notes and related guarantees will not be registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from registration.

Does this 8-K constitute an offer to sell the 2034 notes or a notice of redemption of the 2028 notes?

No. The disclosure specifies that it is neither an offer to sell nor a solicitation of an offer to buy the 2034 notes and does not constitute a notice of redemption or offer to redeem or repurchase any of the 2028 notes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/07/2026 - 04:32 PM Learn about SEC filing dates

0001580905FALSE00015809052025-09-082025-09-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

January 7, 2026

Date of Report (date of earliest event reported)

___________________________________

Installed Building Products, Inc.

(Exact name of registrant as specified in its charter)

___________________________________

Delaware (State or other jurisdiction of incorporation or organization)			001-36307 (Commission File Number)			45-3707650 (I.R.S. Employer Identification Number)
495 South High Street, Suite 50, Columbus, OH 43215
(Address of principal executive offices and zip code)
614-221-3399
(Registrant's telephone number, including area code)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol			Name of each exchange on which registered
Common Stock			IBP			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 7.01    Regulation FD Disclosure

On January 7, 2026, Installed Building Products, Inc. (the “Company”) issued a press release announcing the pricing of its previously announced offering of $500.0 million aggregate principal amount of 5.625% senior notes due 2034 (the “2034 Notes”), in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) to persons reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act, and to non-U.S. persons outside the United States under Regulation S under the Securities Act. The offering is expected to close on or about January 21, 2026, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to: (i) fund the redemption in full of its outstanding 5.75% Senior Notes due February 1, 2028 (the “2028 Notes”); (ii) pay fees and expenses related to (a) the redemption of the 2028 Notes, (b) the entry into the amended and extended asset-based lending credit agreement, expected to be entered into simultaneously with the issuance of the 2034 Notes among the Company, the guarantors from time to time party thereto and the lenders from time to time party thereto and (c) the issuance of the 2034 Notes and the use of the net proceeds from such issuance; and (iii) for general corporate purposes. The redemption of the 2028 Notes is subject to, and conditioned upon, completion of the issuance of the 2034 Notes and receipt of sufficient net proceeds from such issuance. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

The 2034 Notes and the related guarantees will not be registered under the Securities Act and the 2034 Notes and the related guarantees may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. This Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy the 2034 Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. In addition, nothing contained in this Current Report on Form 8-K shall constitute a notice of redemption to the holders of the 2028 Notes or an offer to redeem or repurchase any of the 2028 Notes. Any such notice will only be made in accordance with the provisions of the indenture governing the 2028 Notes.

The information contained in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Furthermore, the information contained in this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed to be incorporated by reference into any registration statement or other document filed with the Securities and Exchange Commission, except as shall be expressly set forth by specific reference in such filing.

Item 9.01    Financial Statements and Exhibits

(d) Exhibits:

Exhibit No.						Description
99.1						Press Release announcing the pricing of the 2034 Notes offering, dated January 7, 2026.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 7th day of January, 2026.

INSTALLED BUILDING PRODUCTS, INC.
By:			/s/ Michael T. Miller
Name:			Michael T. Miller
Title:			Chief Financial Officer