Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
As previously disclosed,
A description of the material terms of the Revolving Credit Facility is set
forth in the Company's Current Report on Form 8-K filed with the
As of
The Company increased its borrowings under the Revolving Credit Facility as a
precautionary measure in order to increase its cash position and preserve
financial flexibility in light of current uncertainty resulting from the
COVID-19 pandemic. The proceeds from the incremental Revolving Credit Facility
borrowings are currently being held on the Company's balance sheet, resulting in
additional cash and cash equivalents from the draw of approximately
Item 7.01 Regulation FD Disclosure
On
The information provided pursuant to this Item 7.01 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section and shall not be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing. The furnishing of the information provided pursuant to this Item 7.01 is not intended to, and does not, constitute a determination or admission by the Company that the information provided pursuant to this Item 7.01 is material or complete, or that investors should consider such information before making an investment decision with respect to any security of the Company.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit Index Exhibit Number Description 99.1Beacon Roofing Supply, Inc. press release datedApril 1, 2020 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
--------------------------------------------------------------------------------
© Edgar Online, source