GMS Inc. has announced a conditional full redemption of its 4.625% Senior Notes due May 1, 2029. The company, through its wholly owned subsidiary GYP Holdings III Corp., plans to redeem the entire $350 million aggregate principal amount of these outstanding notes. The redemption will be executed at a price of 101.156% of the principal amount, plus any accrued and unpaid interest up to the redemption date. This action is contingent upon the successful completion of a merger agreement with The Home Depot, Inc., where The Home Depot plans to acquire GMS Inc. through a tender offer and subsequent merger.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.