NEW YORK (January 23, 2026) – Holland & Knight represented Installed Building Products Inc. (NYSE: IBP) in its private offering of $500 million in aggregate principal amount of 5.625 percent senior unsecured notes due 2034 (the 2034 Notes). The transaction was launched on January 6, priced on January 7 and closed on January 21.
Net proceeds from the sale of the 2034 Notes were approximately $490 million and were used to fund the conditional redemption in full of the outstanding 5.75 percent senior unsecured notes due 2028. Remaining net proceeds will be used to pay fees and expenses in connection with the redemption and other related transactions, as well as for other general corporate purposes.
The 2034 Notes were issued only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and to certain persons outside the United States pursuant to Regulation S under the Securities Act.
Headquartered in Columbus, Ohio, Installed Building Products is one of the nation's largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products for residential and commercial builders located in the continental United States.
Holland & Knight Partners Robin Feiner (Capital Markets) and Keith Sambur (Debt Finance) led the Firm's representation of Installed Building Products, along with Partner Kendall Wilson, Senior Counsel Kristin Padgett and Associates Amelia Occhino, Julia Harrison, Dylan Rhoades and Ryan Kainz (Capital Markets); Associate Cristina Salazar (Debt Finance); and Partner Shane Morris and Associate Christine Younger (Tax). The team included attorneys from New York, Colorado, Florida, Washington, D.C., and Tennessee.
Ms. Feiner has represented IBP since 2013, including leading its 2014 initial public offering (IPO) on the New York Stock Exchange. She has represented it in capital markets and other corporate finance transactions and regularly advises on SEC reporting and corporate governance.
More information on the transaction can be found here.