Builders FirstSource, Inc. announced that it has secured commitments for the reprice of its previous $468 million senior secured term loan facility due 2022 through an amendment and extension to its term loan credit agreement providing for a $468 million senior secured term loan facility due 2024 and an interest reduction of 0.75%.  The transaction closing is expected on February 23, 2017. Term loans under the $468 million New Term Loan Facility bear interest based on either the eurodollar rate or base rate plus, in each case, an applicable margin, at the company’s option. The applicable margin in respect of the loans under the New Term Loan Facility will be (x) 3% in the case of Eurodollar rate loans and (y) 2% in the case of base rate loans. This represents a 0.75% reduction from the Previous Term Loan Facility.  Deutsche Bank AG New York Branch continues to serve as administrative agent and collateral agent under the New Term Loan Facility. The repricing enables the company to reduce the interest rate on its Term Loan by 0.75% as well as extend the maturity to 2024.  This transaction should reduce go forward interest by approximately $3 million annually.