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State: 17.08.2024 | 11PM
Thu, 24.10.2024       Patrick Industries
US7033431039

ELKHART, Ind., Oct. 24, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the closing of its previously announced private offering of $500 million aggregate principal amount of 6.375% Senior Notes due 2032 (the "Notes"), at an issue price of 100% of the principal amount of the Notes, in a private placement exempt from registration under the Securities Act of 1933 (the "Securities Act") on October 22, 2024. Net proceeds from the offering, together with borrowings under the 2024 Credit Facility (as defined below), will be used to redeem all $300 million aggregate principal amount of the Company's 7.500% Senior Notes due 2027, repay a portion of the Company's borrowings under its existing senior secured credit facility and pay fees and expenses in connection with the foregoing.

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