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BMHC Announces Successful Amendment of Its $540 Million Secured Credit Facility
Tuesday, September 30, 2008 5:57 PM
Symbols: BLG

SAN FRANCISCO, Sept. 30 /PRNewswire-FirstCall/ -- Building Materials Holding Corporation (NYSE: BLG), a leading provider of building materials and construction services to professional residential builders and contractors, today announced that it has successfully negotiated and completed an amendment to its $540 million secured credit facility. The amended facility continues to provide for a $200 million revolving line of credit and a $340 million term loan maturing in November 2011. As of September 29, 2008, there was $29 million outstanding on the revolver and $340 million outstanding under the term loan. Wells Fargo Bank and J.P. Morgan Securities acted as Joint Lead Arrangers and Joint Book Managers and Wells Fargo Bank served as Administrative Agent for the transaction. For additional information, please refer to our related SEC filing on Form 8-K, which will be available through our website later today.

About BMHC

BMHC is one of the largest providers of building materials and residential construction services in the United States. We serve the homebuilding industry through two recognized brands: as BMC West, we distribute building materials and manufacture building components for professional builders and contractors in the western and southern states; as SelectBuild, we provide construction services to high-volume production homebuilders in key markets across the country. To learn more about BMHC, visit our website at http://www.bmhc.com.

BUSINESS RISKS AND FORWARD-LOOKING STATEMENTS

There are a number of business risks and uncertainties that affect our operations and therefore could cause future results to differ from past performance or expected results. Additional information regarding business risks and uncertainties is contained in Part II Item 1A of our most recent Form 10-Q. These risks and uncertainties may include, however are not limited to:

    -- demand for and supply of single-family homes which is influenced by
       changes in the overall condition of the U.S.

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