{"id":474701,"date":"2021-04-12T08:42:04","date_gmt":"2021-04-12T12:42:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gms-announces-proposed-senior-notes-offering\/"},"modified":"2021-04-12T08:42:04","modified_gmt":"2021-04-12T12:42:04","slug":"gms-announces-proposed-senior-notes-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gms-announces-proposed-senior-notes-offering\/","title":{"rendered":"GMS Announces Proposed Senior Notes Offering"},"content":{"rendered":"

<\/p>\n

GMS Announces Proposed Senior Notes Offering<\/b><\/p>\n

TUCKER, Ga.–(BUSINESS WIRE<\/a>)–
\nGYP Holdings III Corp. (the \u201cCompany\u201d), an indirect wholly-owned subsidiary of GMS Inc. (NYSE: GMS) (\u201cGMS\u201d), announced today that it launched an offering to sell $300.0 million aggregate principal amount of its senior notes due 2029 (the \u201cSenior Notes\u201d) in a private offering in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), subject to market and other conditions.\n<\/p>\n

\nThe Senior Notes will be senior unsecured obligations of the Company. The Senior Notes will be guaranteed by GYP Holdings II Corp., the Company\u2019s direct parent company and a direct subsidiary of GMS, and the Company\u2019s future direct and indirect domestic subsidiaries that guarantee obligations under the Company\u2019s senior secured term loan facility and ABL credit facility.\n<\/p>\n

\nThe net proceeds from the offering will be used to repay a portion of the Company\u2019s outstanding borrowings under its senior secured term loan facility.\n<\/p>\n

\nThe Senior Notes and the related guarantees will be offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act and, outside the United States, to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Senior Notes and the related guarantees have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.\n<\/p>\n

\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful prior to registration or qualification under the securities laws of any such jurisdiction.\n<\/p>\n

About GMS Inc.<\/b><\/p>\n

\nGMS operates a network of more than 265 distribution centers across the United States and Canada. GMS\u2019s extensive product offering of wallboard, suspended ceilings systems, or ceilings, and complementary construction products is designed to provide a comprehensive one-stop-shop for our core customer, the interior contractor who installs these products in commercial and residential buildings.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nAny statements of GMS\u2019s or the Company\u2019s expectations in this press release constitute \u201cforward-looking statements\u201d as defined in the Private Securities Litigation Reform Act of 1995. Such statements, including but not limited to those regarding the offering and the use of proceeds therefrom, are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from GMS\u2019s or the Company\u2019s present expectations. These risks and uncertainties include, but are not limited to, market conditions affecting the offering. Undue reliance should not be placed on such forward-looking statements, as such statements speak only as of the date on which they are made and neither GMS nor the Company undertakes any obligation to update such statements, except as required by law. Additional information regarding these and other risks is contained in GMS\u2019s filings with the Securities and Exchange Commission.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210412005547\/en\/<\/a><\/span><\/p>\n

\nLeslie H. Kratcoski
\n
Vice President, Investor Relations
\n
Phone: 770-723-3306
\n
Email: ir@gms.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Georgia<\/p>\n

INDUSTRY KEYWORDS:<\/b> Building Systems Interior Design Residential Building & Real Estate Commercial Building & Real Estate Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

GMS Announces Proposed Senior Notes Offering TUCKER, Ga.–(BUSINESS WIRE)– GYP Holdings III Corp. (the \u201cCompany\u201d), an indirect wholly-owned subsidiary of GMS Inc. (NYSE: GMS) (\u201cGMS\u201d), announced today that it launched an offering to sell $300.0 million aggregate principal amount of its senior notes due 2029 (the \u201cSenior Notes\u201d) in a private offering in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), subject to market and other conditions. The Senior Notes will be senior unsecured obligations of the Company. The Senior Notes will be guaranteed by GYP Holdings II Corp., the Company\u2019s direct parent company and a direct subsidiary of GMS, and the Company\u2019s future direct and indirect domestic subsidiaries … <\/p>\n

Continue reading “GMS Announces Proposed Senior Notes Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-474701","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGMS Announces Proposed Senior Notes Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gms-announces-proposed-senior-notes-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GMS Announces Proposed Senior Notes Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"GMS Announces Proposed Senior Notes Offering TUCKER, Ga.–(BUSINESS WIRE)– GYP Holdings III Corp. (the \u201cCompany\u201d), an indirect wholly-owned subsidiary of GMS Inc. (NYSE: GMS) (\u201cGMS\u201d), announced today that it launched an offering to sell $300.0 million aggregate principal amount of its senior notes due 2029 (the \u201cSenior Notes\u201d) in a private offering in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), subject to market and other conditions. The Senior Notes will be senior unsecured obligations of the Company. 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