4/17/2023 0 Comments Whitecap slc![]() Construction Supply Group distributes specialty construction materials, accessories and tools, primarily for professional concrete and masonry contractors. (WCP.TO) stock quote, history, news and other vital information to help you with your stock trading and investing. White Cap provides concrete accessories and chemicals, tools and equipment, building materials and fasteners, erosion and waterproofing and safety products to professional contractors. The combined transaction is valued at approximately $4 billion.Īdditional financing will include a $750 million asset-based lending facility due 2025 that will be subject to a springing fixed-charge coverage ratio of 1x. They have deployed approximately 3b counter-cyclically (where the commodity price is below 60) and have made their dollar-weighted average acquisition around 70 WTI. Whitecap offers a personal and committed approach to new build management. Upon the closing of both transactions, Clayton Dubilier & Rice funds will hold a 65% ownership interest in the combined company, and the current shareholders of Construction Supply Group, led by Sterling, will hold a 35% interest. Whitecap also doesn’t get enough credit for their acquisition history (at least by retail). ![]() ![]() Corporate ratings are B/B2, with stable outlooks and the rated entity is White Cap Buyer LLC.Ĭlayton Dubilier & Rice announced in August that it will acquire HD Supply's construction and industrials business White Cap and merge it with Construction Supply Group, which is a portfolio company of the Sterling Group. The unsecured notes due 2028 is rated CCC+/Caa1, with a 6 recovery rating. 8 First-lien ratings are B/B2, with a 3 recovery rating from S&P Global Ratings. The Registered Agent on file for this company is Ronald Poulton and is located at 324 S 400 W Ste 250, Salt Lake City, UT 84101. The company's filing status is listed as Active and its File Number is 10378159-0160. Commitments for the Term B Loan are due at 5 p.m. WHITECAP PARTNERS, LLC is an Utah Domestic LLC filed on May 12, 2017. Lenders are offered six months of 101 soft call protection. At talk, the yield to maturity is 4.76%-5.02%. Propane Gas Leak Caused Cache County House Explosion, Homeless Organizations in Utah Release New Strategic Utah to monitor Great Salt Lake dust events. Learn about how White Cap account managers live our TRUSTED values every day while serving our customers with exceptional service. ![]() Sand is domestic, while salt and cement ship from. Our people bring our culture and values to life. Whitecap Resources, LLC Aug 2020 - Present2 years 6 months Houston, Texas, United States 71 We specialize in sand, salt and cement. Price talk for the seven-year covenant-lite Term B Loan is L+400-425, with a 0.5% Libor floor, offered at 99. White Cap Associates are Building Trust on Every Job. Proceeds from the bonds, along with those from a $2.335 billion term loan B due 2027, $640 million of equity from Clayton Dubilier & Rice and $351 million of exchanged equity from White Cap's combination with Construction Supply Holdings, will be used to finance the $2.9 billion purchase price of White Cap and to fund the exchanged equity and repay debt that together sum $900 million. Deutsche Bank, Jefferies, RBC, BNP Paribas, Credit Suisse, Goldman Sachs, Mizuho and Nomura are bookrunners. 7 for a $640 million, eight-year (non-call three) offering of unsecured notes. Internal applications, then our B2B based Bizapedia Pro API™ might be the answer for you.White Cap Buyer LLC will run a virtual roadshow from today through Oct. If you are looking for something more than a web based search utility and need to automate company and officer searches from within your WHAT'S INCLUDED IN THE ADVANCED SEARCH FORM? Whitecap Resources Inc (WCP) Stock Price & News - Google Finance Dow Jones S&P 500 VIX 25.51 +2.52 Home WCP TSE Whitecap Resources Inc Follow Share 9. ![]() Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Filing Jurisdiction, Entity Type, Registered Agent,įile Number, Filing Status, and Business Category. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. In addition, all pages on Bizapedia will be served to you completely ad freeĪnd you will be granted access to view every profile in its entirety, even if the company chooses to hide the private information on their profile from the general public. Your entire office will be able to use your search subscription. ![]()
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