Davis Polk advised the representative of the initial purchasers, in connection with a Rule 144A and Regulation S offering of $350 million aggregate principal amount of 5.50% senior secured notes due 2024 by BMC East, LLC, a wholly owned subsidiary of BMC Stock Holdings, Inc. (“BMC”). The notes are guaranteed by BMC and certain of its subsidiaries.

 

Headquartered in Atlanta, Georgia, BMC is a diversified lumber and building materials distributor and solutions provider that sells to new construction, repair and remodeling contractors. BMC’s primary products are lumber and lumber sheet goods, millwork, doors, flooring, windows, structural components such as engineered wood products, trusses and wall panels and other exterior products. BMC offers a broad range of products sourced through a strategic network of suppliers, which together with BMC’s various solution-based services, represent approximately 50% of the construction cost of a typical new home.

 

The Davis Polk capital markets team included partner Michael Kaplan, counsel Jeffrey S. Ramsay and associates Andrew J. Terjesen and Eileen Juyon Park. Partner Michael Farber and associate Ariel David Siman provided tax advice. Counsel Betty Moy Huber provided environmental advice. Partner Meyer C. Dworkin and associates Kyle D. Bady and Hubert Ahn provided credit advice. All members of the Davis Polk team are based in the New York office.

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