Item 2.02 Triggering Events that Accelerate or Increase a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On September 7, 2021, Summit Materials, LLC ("Summit LLC") and Summit
Materials Finance Corp. (together with Summit LLC, the "Issuers"), indirect
subsidiaries of Summit Materials, Inc., instructed Wilmington Trust, National
Association, as trustee (the "Trustee") for the Issuers' 5.125% Senior Notes due
2025 (the "Notes"), to deliver a notice of redemption to the holders of the
Notes ("Redemption Notice"). Pursuant to the Redemption Notice, the Company will
redeem in full the outstanding Notes in the aggregate principal amount of
$300,000,000 that were issued under an indenture dated as of June 1, 2017, by
and among the Issuers, the subsidiary guarantors named on the signature pages
thereto and the Trustee (as amended and supplemented, the "Indenture"). The
redemption date will be September 27, 2021 (the "Redemption Date") and the
redemption price will be equal to 101.281% of the aggregate principal amount
thereof plus accrued and unpaid interest, if any, thereon to, but excluding, the
Redemption Date. Upon the redemption by the Issuers' of the Notes, the Indenture
will be discharged and cease to be of further effect except as to rights
thereunder. The Notes are expected to be redeemed with cash on hand.
This Current Report on Form 8-K does not constitute a notice of redemption for
the Notes or an offer to tender for, or purchase, any Notes or any other
security.
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