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.
