Gibraltar Industries, Inc. Announces Closing of Offering of 6.250% Senior Subordinated Notes Due 2021
January 31, 2013 at 04:20 pm
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Gibraltar Industries, Inc. announced the closing of the previously announced offering of $210 million aggregate principal amount of 6.250% senior notes due 2021. The notes are guaranteed on an unsecured senior basis by certain of Gibraltar's existing and future subsidiaries. The notes were sold to investors at 100.0% of their aggregate principal amount.
The company is using the net proceeds from the offering of the notes, along with cash on hand, to repurchase, redeem and/or satisfy and discharge all of its outstanding 8% senior notes due 2015. The notes and related guarantees have been offered and sold only to qualified institutional buyers in the United States in reliance on the exemption from registration set in Rule 144A of the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons pursuant to Regulation S of the Securities Act.
Gibraltar Industries, Inc. is a manufacturer and provider of products and services for the renewable energy, residential, agtech, and infrastructure markets. The Companyâs segments include Renewables, Residential, Agtech, and Infrastructure. The Renewables segment is engaged in designing, engineering, manufacturing and installation of solar racking and electrical balance of systems. The Residential segment includes products, such as roof and foundation ventilation products, single point and centralized mail systems and electronic package solutions, retractable awnings and gutter guards, and rain dispersion, trims and flashings, other accessories. The Agtech segment provides products and services, including the designing, engineering, manufacturing, construction, maintenance and support of greenhouses and indoor growing operations. The Infrastructure segment provides engineered solutions for bridges, highways and airfields, including structural bearings, expansion joints, and others.
GIBRALTAR INDUSTRIES, INC. 
