Arrangement of Financing for Beacon Roofing Supply’s Proposed Acquisition of Allied Building Products

On August 24, 2017, Beacon Roofing Supply, Inc., the largest publicly traded distributor of roofing and complementary building products in North America, announced that it has entered into a definitive agreement to acquire Allied Building Products Corp., one of the country’s largest exterior and interior building products distributors, from global diversified building products group CRH plc for $2.625 billion in cash. Cravath is representing Citi and Wells Fargo, as joint lead arrangers, in connection with the arrangement of $970 million of committed senior secured debt financing and $1.3 billion of committed unsecured debt financing, which will be used to fund the transaction and refinance certain existing indebtedness.

The Cravath team includes partners Stephen L. Burns and Joseph D. Zavaglia and associates Nicholas A. Dorsey, Ryan M. Farha and Eliza S. Marshall.