Tuesday, September 27, 2016

Wholesale Distributors to Building Material Dealers

Industry News

The latest news on the Building Materials Wholesale industry from Yahoo! Finance
  • [Business Wire] - Louisiana-Pacific Corporation today announced the results of its previously announced cash tender offer for any and all of its outstanding 7.500% senior notes due 2020 , which expired at 5:00 p.m., New York City time, on September 13, 2016.

  • [Business Wire] - LP Building Products recently launched their new LP® SolidStart™ Design software, a single-member sizing solution that allows users to size floor and roof joists, beams, columns and studs.

  • [Reuters] - Investors rushed into the riskiest trades this week and proved beyond doubt that the primary market is now wide open for every kind of junk-rated borrower willing to issue bonds. Over US$8bn of new high-yield bonds from a wide variety of issuers - highly leveraged companies to those carrying the lowest ratings - were priced this week. "No matter what industry or rating, all deals are heavily oversubscribed and a lot are being done on reverse enquiry," said Jon Stanley, a portfolio manager at Newfleet Asset Management.

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