BMHC Amends Credit Facility Amount

Building Materials Holding Corp. (BMHC) has amended its senior secured credit facility. The amended facility provides for a $200 million revolving line of credit maturing in November 2011 and adjusts the term loan maturity to coincide with the revolver. As of February 29, 2008, there were no borrowings under the revolver and $346 million was outstanding under the term loan. Wells Fargo Bank and J.P. Morgan Securities acted as Joint Lead Arrangers and Joint Book Managers and Wells Fargo Bank served as Administrative Agent for the transaction.

In compliance with its amended lending agreement, BMH’s board of directors has suspended its quarterly cash dividend. This action will allow the company to save approximately $12 million annually.

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