Press Release April 22, 2021

GMS Inc. Closes Debut $350 Million High-Yield Bond Offering

Alston & Bird advised GYP Holdings III Corp., a wholly owned subsidiary of GMS Inc., in its debut offering of $350 million in senior high-yield bonds. 

The offering of 4.625% senior notes due 2029 was priced by GMS on April 15, 2021, and closed April 22, 2021.

The net proceeds of the bond offering were used to refinance a portion of the company’s outstanding term loan.

Listed on the New York Stock Exchange, GMS is a leading North American distributor of wallboard and suspended ceiling systems. Since its founding in 1971, the company has grown from a single location to 268 branches across 44 U.S. states and five Canadian provinces. 

Advising GYP Holdings on the high-yield financing is an Alston & Bird team led by Corporate & Finance partners Scott Ortwein, Kyle Healy, and Tamer Bahgat, assisted by partner Jordan Myers, counsel Michael Lee, senior associate Matt Strumph, and associates Katie Wroten, Alyssa Dunn, and Rob Davidson.
Media Contact
Alex Wolfe
Communications Director

This website uses cookies to improve functionality and performance. For more information, see our Privacy Statement. Additional details for California consumers can be found here.