UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events
On April 15, 2021, GYP Holdings III Corp. (the “Company”), an indirect wholly-owned subsidiary of GMS Inc. (“GMS”), announced that it has entered into an agreement to sell $350.0 million aggregate principal amount of its senior notes due 2029 (the “Senior Notes”) in a private offering in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended. The Senior Notes will bear interest at an annual rate of 4.625%. The Senior Notes will be issued at par. The Company expects to close the offering on or about April 22, 2021, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering of the Senior Notes to repay a portion of the Company’s outstanding borrowings under its senior secured term loan facility. A copy of the press release announcing this matter is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein.
Item 9.01 Financial Statements and Exhibits
(d) | Exhibits |
99.1 | Press Release of the Company dated April 15, 2021. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GMS INC.
(Registrant)
By: | /s/ Scott M. Deakin | |
Scott M. Deakin |
||
Chief Financial Officer |
Dated: April 15, 2021