Recent Updates — IBP

Installed Building Products closed a $250 million incremental increase to its existing Term Loan B facility on October 27, 2026. The new loans mature on March 28, 2031 and bear interest at SOFR plus 1.75% or an alternative base rate plus 0.75%. This addition brings the aggregate principal amount of outstanding term loans to approximately $737.5 million. Net proceeds are designated for general corporate purposes and fee payments. Installed Building Products is one of the nation's largest installers of insulation and complementary building products for residential and commercial projects.

Installed Building Products announced on October 19, 2026, that it intends to seek an approximately $250 million increase (the "Add-On") to its outstanding ~$500 million Term Loan B facility. The company plans to meet with potential lenders regarding the proposed refinancing, which is subject to market conditions and other factors; there is no assurance the transaction will be completed. Net proceeds from the Add-On are expected to be used for general corporate purposes and to pay associated fees. The proposed increase is expected to carry the same terms as the existing facility.

Installed Building Products, Inc. reported second quarter 2026 financial results with net revenue increasing 2.3% to a record $777.8 million and net income of $64.9 million, or $2.43 per diluted share. The company also announced that its Board of Directors approved a regular quarterly cash dividend of $0.39 per share, payable on September 30, 2026 to stockholders of record as of September 15, 2026. Additionally, IBP completed several acquisitions adding approximately $30 million in annual revenue and repurchased approximately 365 thousand shares for $76.2 million during the quarter. Installed Building Products is a leading installer of insulation and complementary building products for residential and commercial construction projects.