IBP · Installed Building Products, Inc. · Financials

Verified covenant terms

• 8 · Repurchase of Notes at the Option of the Holders upon Change of Control and Asset Sales Upon the occurrence of a Change of Control, each holder shall have the right, subject to certain conditions specified in the Indenture, to require the Issuer to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase (subject to the right of the holders of record on the relevant Record… Applies to every series under this agreement Springing Trigger: Upon the occurrence of a Change of Control Exceptions: subject to certain conditions specified in the Indenture 8. Repurchase of Notes at the Option of the Holders upon Change of Control and Asset Sales
  Full wording and supporting evidence

  Source evidence: Upon the occurrence of a Change of Control, each holder shall have the right, subject to certain conditions specified in the Indenture, to require the Issuer to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase (subject to the right of the holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date), as provided in, and subject to the terms of, the Indenture.

  Target identity evidence: INDENTURE, dated as of January 21, 2026, among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (as defined below).

  Target identity evidence: Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the holders of (i) $500,000,000 aggregate principal amount of the Issuer’s 5.625% Senior Notes due 2034 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together with the Initial Notes, the “Notes”):

• Section 7.06 · shall mail to each holder a brief report dated as of such May 15th the Trustee shall mail to each holder a brief report dated as of such May 15th that complies with Section 313(a) of the TIA if and to the extent required thereby. Applies to every series under this agreement Metric: brief report Stated threshold: 60 days SECTION 7.06 Reports by Trustee to the Holders.
  Full wording and supporting evidence

  Source evidence: As promptly as practicable after each May 15th beginning with the May 15th following the date of this Indenture, and in any event within 60 days of each May 15th, the Trustee shall mail to each holder a brief report dated as of such May 15th that complies with Section 313(a) of the TIA if and to the extent required thereby.

  Target identity evidence: INDENTURE, dated as of January 21, 2026, among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (as defined below).

  Target identity evidence: Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the holders of (i) $500,000,000 aggregate principal amount of the Issuer’s 5.625% Senior Notes due 2034 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together with the Initial Notes, the “Notes”):

• (f) · the Issuer or any Significant Subsidiary (f) the Issuer or any Significant Subsidiary (or any group of Subsidiaries that together would constitute a Significant Subsidiary) pursuant to or within the meaning of any Bankruptcy Law: (i) commences a voluntary case; (ii) consents to the entry of an order for relief against it in an involuntary case; (iii) consents to the appointment of a Custodian of it or for any substantial part of its property; Applies to every series under this agreement Defined terms:
  • Bankruptcy Law: Title 11, United States Code, or any similar Federal or state law for the relief of debtors.

    Source evidence: The term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state law for the relief of debtors.

  • Custodian: any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law.

    Source evidence: The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law.

  SECTION 6.01 Events of Default.
  Full wording and supporting evidence

  Source evidence: (f) the Issuer or any Significant Subsidiary (or any group of Subsidiaries that together would constitute a Significant Subsidiary) pursuant to or within the meaning of any Bankruptcy Law: (i) commences a voluntary case; (ii) consents to the entry of an order for relief against it in an involuntary case; (iii) consents to the appointment of a Custodian of it or for any substantial part of its property; or (iv) makes a general assignment for the benefit of its creditors or takes any comparable action under any foreign laws relating to insolvency;

  Target identity evidence: INDENTURE, dated as of January 21, 2026, among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (as defined below).

  Target identity evidence: Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the holders of (i) $500,000,000 aggregate principal amount of the Issuer’s 5.625% Senior Notes due 2034 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together with the Initial Notes, the “Notes”):

• (g) · a court of competent jurisdiction enters an order or decree under any Bankruptcy Law (g) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: (i) is for relief against the Issuer or any Significant Subsidiary in an involuntary case; (ii) appoints a Custodian of the Issuer or any Significant Subsidiary or for any substantial part of its property; or (iii) orders the winding up or liquidation of the Issuer or any Significant Subsidiary; Applies to every series under this agreement Metric: the order or decree remains unstayed and in effect Stated threshold: 60 days Defined terms:
  • Bankruptcy Law: Title 11, United States Code, or any similar Federal or state law for the relief of debtors.

    Source evidence: The term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state law for the relief of debtors.

  • Custodian: any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law.

    Source evidence: The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law.

  SECTION 6.01 Events of Default.
  Full wording and supporting evidence

  Source evidence: (g) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: (i) is for relief against the Issuer or any Significant Subsidiary in an involuntary case; (ii) appoints a Custodian of the Issuer or any Significant Subsidiary or for any substantial part of its property; or (iii) orders the winding up or liquidation of the Issuer or any Significant Subsidiary; or any similar relief is granted under any foreign laws and, in each case, the order or decree remains unstayed and in effect for 60 days;

  Target identity evidence: INDENTURE, dated as of January 21, 2026, among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (as defined below).

  Target identity evidence: Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the holders of (i) $500,000,000 aggregate principal amount of the Issuer’s 5.625% Senior Notes due 2034 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together with the Initial Notes, the “Notes”):

• Section 6.04 · may waive an existing Default and its consequences the holders of a majority in principal amount of the Notes then outstanding by written notice to the Trustee may waive an existing Default and its consequences except (a) a Default in the payment of the principal of or interest on a Note, (b) a Default arising from the failure to redeem or purchase any Note when required pursuant to the terms of this Indenture or (c) a Default in respect of a provision that under Section 9.02 cannot be amended without the consent of each holder affected. Applies to every series under this agreement Exceptions: except (a) a Default in the payment of the principal of or interest on a Note, (b) a Default arising from the failure to redeem or purchase any Note when required pursuant to the terms of this Indenture or (c) a Default in respect of a provision that under Section 9.02 cannot be amended without the consent of each holder affected. SECTION 6.04 Waiver of Past Defaults.
  Full wording and supporting evidence

  Source evidence: Provided the Notes are not then due and payable by reason of a declaration of acceleration, the holders of a majority in principal amount of the Notes then outstanding by written notice to the Trustee may waive an existing Default and its consequences except (a) a Default in the payment of the principal of or interest on a Note, (b) a Default arising from the failure to redeem or purchase any Note when required pursuant to the terms of this Indenture or (c) a Default in respect of a provision that under Section 9.02 cannot be amended without the consent of each holder affected.

  Target identity evidence: INDENTURE, dated as of January 21, 2026, among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (as defined below).

  Target identity evidence: Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the holders of (i) $500,000,000 aggregate principal amount of the Issuer’s 5.625% Senior Notes due 2034 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together with the Initial Notes, the “Notes”):

• Section 6.02 · may declare the principal of, premium, if any, and accrued but unpaid interest on all the Notes to be due and payable the Trustee by notice to the Issuer or the holders of at least 30% in principal amount of outstanding Notes by notice to the Issuer, with a copy to the Trustee, may declare the principal of, premium, if any, and accrued but unpaid interest on all the Notes to be due and payable. Applies to every series under this agreement Springing Trigger: If an Event of Default (other than an Event of Default specified in Section 6.01(f) or (g) hereof with respect to the Issuer) occurs and is continuing SECTION 6.02 Acceleration.
  Full wording and supporting evidence

  Source evidence: If an Event of Default (other than an Event of Default specified in Section 6.01(f) or (g) hereof with respect to the Issuer) occurs and is continuing, the Trustee by notice to the Issuer or the holders of at least 30% in principal amount of outstanding Notes by notice to the Issuer, with a copy to the Trustee, may declare the principal of, premium, if any, and accrued but unpaid interest on all the Notes to be due and payable.

  Target identity evidence: INDENTURE, dated as of January 21, 2026, among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (as defined below).

  Target identity evidence: Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the holders of (i) $500,000,000 aggregate principal amount of the Issuer’s 5.625% Senior Notes due 2034 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together with the Initial Notes, the “Notes”):

• Section 6.03 · may pursue any available remedy at law or in equity the Trustee may pursue any available remedy at law or in equity to collect the payment of principal of or interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. Applies to every series under this agreement Springing Trigger: If an Event of Default occurs and is continuing SECTION 6.03 Other Remedies.
  Full wording and supporting evidence

  Source evidence: If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy at law or in equity to collect the payment of principal of or interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture.

  Target identity evidence: INDENTURE, dated as of January 21, 2026, among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (as defined below).

  Target identity evidence: Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the holders of (i) $500,000,000 aggregate principal amount of the Issuer’s 5.625% Senior Notes due 2034 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together with the Initial Notes, the “Notes”):

• (a) · there is a default in any payment of interest on any Note when due there is a default in any payment of interest on any Note when due, and such default continues for a period of 30 days; Applies to every series under this agreement Metric: default in any payment of interest on any Note when due Stated threshold: 30 days SECTION 6.01 Events of Default.
  Full wording and supporting evidence

  Source evidence: (a) there is a default in any payment of interest on any Note when due, and such default continues for a period of 30 days;

  Target identity evidence: INDENTURE, dated as of January 21, 2026, among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (as defined below).

  Target identity evidence: Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the holders of (i) $500,000,000 aggregate principal amount of the Issuer’s 5.625% Senior Notes due 2034 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together with the Initial Notes, the “Notes”):

• (b) · there is a default in the payment of principal or premium, if any, of any Note when due there is a default in the payment of principal or premium, if any, of any Note when due at its Stated Maturity, upon redemption, or upon required repurchase, upon declaration or otherwise; Applies to every series under this agreement SECTION 6.01 Events of Default.
  Full wording and supporting evidence

  Source evidence: (b) there is a default in the payment of principal or premium, if any, of any Note when due at its Stated Maturity, upon redemption, or upon required repurchase, upon declaration or otherwise;

  Target identity evidence: INDENTURE, dated as of January 21, 2026, among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (as defined below).

  Target identity evidence: Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the holders of (i) $500,000,000 aggregate principal amount of the Issuer’s 5.625% Senior Notes due 2034 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together with the Initial Notes, the “Notes”):

• SECTION 10.06 · Execution of Supplemental Indenture for Future Guarantors Each Subsidiary which is required to become a Guarantor of the Notes pursuant to Section 4.11 shall, within the time period set forth therein, execute and deliver to the Trustee a supplemental indenture substantially in the form of Exhibit C hereto pursuant to which such Subsidiary shall become a Guarantor under this Article X and shall guarantee the Guaranteed Obligations. Applies to every series under this agreement SECTION 10.06 Execution of Supplemental Indenture for Future Guarantors
  Full wording and supporting evidence

  Source evidence: SECTION 10.06 Execution of Supplemental Indenture for Future Guarantors. Each Subsidiary which is required to become a Guarantor of the Notes pursuant to Section 4.11 shall, within the time period set forth therein, execute and deliver to the Trustee a supplemental indenture substantially in the form of Exhibit C hereto pursuant to which such Subsidiary shall become a Guarantor under this Article X and shall guarantee the Guaranteed Obligations.

  Target identity evidence: INDENTURE, dated as of January 21, 2026, among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (as defined below).

  Target identity evidence: Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the holders of (i) $500,000,000 aggregate principal amount of the Issuer’s 5.625% Senior Notes due 2034 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together with the Initial Notes, the “Notes”):

• 14. · Defaults and Remedies If an Event of Default (other than an Event of Default specified in Section 6.01(f) or (g) of the Indenture with respect to the Issuer) occurs and is continuing, the Trustee by notice to the Issuer or the holders of at least 30% in principal amount of outstanding Notes by notice to the Issuer, with a copy to the Trustee, may declare the principal of, premium, if any, and accrued but unpaid interest on all the Notes to be due and payable. Applies to every series under this agreement Exceptions: an Event of Default specified in Section 6.01(f) or (g) of the Indenture with respect to the Issuer 14. Defaults and Remedies
  Full wording and supporting evidence

  Source evidence: 14. Defaults and Remedies If an Event of Default (other than an Event of Default specified in Section 6.01(f) or (g) of the Indenture with respect to the Issuer) occurs and is continuing, the Trustee by notice to the Issuer or the holders of at least 30% in principal amount of outstanding Notes by notice to the Issuer, with a copy to the Trustee, may declare the principal of, premium, if any, and accrued but unpaid interest on all the Notes to be due and payable.

  Target identity evidence: INDENTURE, dated as of January 21, 2026, among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (as defined below).

  Target identity evidence: Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the holders of (i) $500,000,000 aggregate principal amount of the Issuer’s 5.625% Senior Notes due 2034 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together with the Initial Notes, the “Notes”):