Installed Building Products, Inc. filed a Form 8-K with the SEC on October 27, 2026, disclosing that it entered into Amendment No. 5 to its Term Loan Credit Agreement, providing $250 million in incremental term loans funded on the same date.

Key Highlights

  • $250 million incremental term loans: The Fifth Amendment provides for $250 million of 2026 Incremental Term Loans as an increase to the existing Tranche B-3 Term Loans, funded on October 27, 2026.
  • Total outstanding rises to approximately $737.5 million: After giving effect to the funding, the aggregate principal amount of term loans outstanding under the Amended Credit Agreement is approximately $737.5 million, according to the filing.
  • Maturity date of March 28, 2031: The term loans, including the 2026 Incremental Term Loans, mature on March 28, 2031.
  • Interest rate options: The term loans bear interest, at the company's option, at the adjusted term SOFR plus 1.75% per annum or an alternative base rate plus 0.75% per annum.
  • Royal Bank of Canada as lead agent: Royal Bank of Canada serves as term administrative agent, term collateral agent, and 2026 incremental term lender; RBC Capital Markets acted as lead left arranger and bookrunner.
  • Signed by CFO Michael T. Miller: The filing was signed on behalf of the registrant by Michael T. Miller, Chief Financial Officer.

Installed Building Products Closes Fifth Term Loan Amendment with $250M in New Borrowings

According to the Form 8-K filed by Installed Building Products, Inc. (NYSE:IBP) on October 27, 2026, the company and certain of its affiliates entered into Amendment No. 5 to the Term Loan Credit Agreement (the "Fifth Amendment") with Royal Bank of Canada. The original Term Loan Credit Agreement was dated December 14, 2021, and has been amended on four prior occasions, most recently by Amendment No. 4 dated November 26, 2024.

The Fifth Amendment provides for $250 million of incremental term loans, designated as 2026 Incremental Term Loans, which represent an increase to the company's existing Tranche B-3 Term Loans. The filing states that the 2026 Incremental Term Loans "have identical terms to, and form a single class with, the existing Tranche B-3 Term Loans." The loans were funded on October 27, 2026, concurrently with the effectiveness of the Fifth Amendment. Following the funding, the aggregate principal amount of term loans outstanding under the Amended Credit Agreement is reported as approximately $737.5 million.

In addition to Royal Bank of Canada, several institutions acted as joint lead arrangers and bookrunning managers for the Fifth Amendment, including JPMorgan Chase Bank, N.A., BofA Securities, Inc., Goldman Sachs Bank USA, The Huntington National Bank, KeyBanc Capital Markets Inc., PNC Capital Markets LLC, StoneX Financial Inc., and U.S. Bank National Association. The filing also noted, under Item 2.03, the creation of a direct financial obligation, incorporating by reference the information disclosed under Item 1.01. A press release announcing the closing of the Fifth Amendment was furnished as Exhibit 99.1.

What Was Disclosed

Installed Building Products disclosed the execution of a fifth amendment to its term loan facility, adding $250 million in incremental term loans funded October 27, 2026, bringing total term loan principal outstanding to approximately $737.5 million, with a maturity date of March 28, 2031.