Installed Building Products, Inc. announced that the Company is seeking to refinance and extend its existing $490 million Term Loan B facility due 2028 with a new 7-year $500 million term loan (the New Term Loan) due 2031. Net proceeds of the New Term Loan will be used to refinance the existing term loan and pay fees. The terms of any New Term Loan will be disclosed upon the completion of the transaction, which is expected to be announced in the next several weeks.

This proposed refinancing is subject to market and other conditions, and there can be no assurance that it will be completed.