TUSTIN, Calif.--(BUSINESS WIRE)--May 14, 2018--Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE:FBM), one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, announced today the pricing of its proposed $450 million term loan. The term loan was priced with a spread of LIBOR plus 325 basis points and was issued at an original issue discount of 99.75. The term loan, along with drawings under the Company’s ABL revolver, will be used to redeem FBM’s existing 8.25% senior secured notes due 2021 and pay related expenses. The transaction is expected to close in August 2018. The transaction was arranged by RBC Capital Markets, Goldman Sachs Bank USA, SunTrust Robinson Humphrey, Inc. and Stifel Syndicated Credit LLC.

About Foundation Building Materials

Foundation Building Materials is a specialty building products distributor of wallboard, suspended ceiling systems, and mechanical insulation throughout North America. Based in Tustin, California, the Company employs more than 3,700 people and operates more than 220 branches across the U.S. and Canada.

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CONTACT: Investor Relations

Foundation Building Materials, Inc.

John Moten, 657-900-3200

investors@fbmsales.com

or

Media Relations:

Joele Frank, Wilkinson Brimmer Katcher

Joe Sala or Ed Trissel

212-355-4449

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: BUILDING SYSTEMS MANUFACTURING OTHER MANUFACTURING PROFESSIONAL SERVICES BANKING FINANCE CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Foundation Building Materials, Inc.

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PUB: 05/14/2018 04:40 PM/DISC: 05/14/2018 04:40 PM

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