Cornerstone Building Brands’ $500 Million Senior Notes Offering

Debevoise & Plimpton LLP advised Cornerstone Building Brands on the deal.

Cornerstone Building Brands, Inc. (NYSE: CNR) completed the pricing of its $500 million offering of 6.125% unsecured senior notes due 2029 in a private placement exempt from the registration requirements of the United States Securities Act of 1933, as amended. The Company upsized the offering from the previously announced $400 million aggregate principal amount to $500 million aggregate principal amount.

Cornerstone Building Brands is a leading manufacturer of exterior building products in North America. The Company serves residential and low-rise non-residential customers across new construction and repair & remodel markets.

The Debevoise team advising Cornerstone was led by capital markets partner Morgan Hayes (Picture) and finance partner Jeffrey Ross and includes capital markets partner Steve Slutzky, counsel Joshua Samit and associates Ashtyn Ka, Chloe Orlando and Benjamin Sundholm, finance associates Marina Novello and Brett Novick, and benefits counsel Michael Snypes Jr. and associate Douglas Hirn.

Involved fees earner: Marina Capeto Novello – Debevoise & Plimpton; Morgan Hayes – Debevoise & Plimpton; Douglas Hirn – Debevoise & Plimpton; Brett Novick – Debevoise & Plimpton; Chloe Orlando – Debevoise & Plimpton; Jeffrey Ross – Debevoise & Plimpton; Joshua Samit – Debevoise & Plimpton; Steven Slutzky – Debevoise & Plimpton; Michael Snypes Jr. – Debevoise & Plimpton; Benjamin Sundholm – Debevoise & Plimpton; Ashtyn Ka – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Cornerstone Building Brands;

Author: Ambrogio Visconti