Building Materials Corporation of America Announces Redemption of Its 6⅞% Senior Notes due 2018, 7% Senior Secured Notes due 2020 and 7½% Senior Notes due 2020

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Building Materials Corporation of America today announced that it is calling for redemption all of its 6⅞% Senior Notes due 2018, 7% Senior Secured Notes due 2020 and 7½% Senior Notes due 2020

Building Materials Corporation of America (“BMCA” or the “Company”) today announced that it is calling for redemption all of its 6⅞% Senior Notes due 2018 (CUSIP 120111BK4/U09005AL0 and ISIN US12011BK49/USU09005AL04), 7% Senior Secured Notes due 2020 (CUSIP 120111BH1/ U09005AJ5 and ISIN US120111BH10/USU09005AJ57), and 7½% Senior Notes due 2020 (CUSIP 120111BJ7/U09005AJ5 and ISIN US120111BJ75/USU09005AK21)(collectively, the “Notes”), such redemption to occur on December 15, 2014 (the “Redemption Date”), to the extent not tendered and accepted pursuant to the tender offer announced on October 27, 2014 and to the extent outstanding on the Redemption Date.

The Notes will be redeemed in cash at the redemption price as determined in the applicable indenture plus accrued and unpaid interest up to, but excluding, the Redemption Date. The redemption price for the 6⅞% Senior Notes due 2018 will include a 3.438% redemption premium under the applicable indenture. The redemption price for the 7% Senior Secured Notes due 2020 and 7½% Senior Notes due 2020 will include a make-whole redemption premium as determined in the applicable indenture.

From the Redemption Date forward, the Notes will no longer be deemed outstanding, interest will no longer accrue and holders will have no rights other than the right to receive the redemption price, without interest, upon surrender of the Notes. Payment of the redemption price will be made only upon presentation and surrender of the Notes to Wilmington Trust Company, as the trustee of the 6⅞% Senior Notes due 2018 and 7% Senior Secured Notes due 2020, or Wells Fargo Bank, National Association, as the trustee of the 7½% Senior Notes due 2020, during business hours at the address specified in the applicable notice of redemption.

The notices of redemption were distributed to holders of the Notes on November 14, 2014.
About BMCA

Founded in 1886, BMCA has become the largest roofing manufacturer in North America. The Company’s products include a comprehensive portfolio of steep-slope and commercial roofing systems, which are supported by an extensive national network of factory-certified contractors. BMCA’s success is driven by a commitment to provide property owners and specifiers with the best and safest choice in roofing and by helping supportive contractors and distributors to build their businesses and avoid hassles.

Use of Forward-Looking Statements
This news release may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties. BMCA disclaims any obligation to update or revise any forward-looking statements.

For more information please contact:

BMCA Investor Contact:
John Maitner, Senior Vice President, Treasurer & Chief Compliance Officer
Tel: 973-872-4324
Jmaitner(at)gaf(dot)com

BMCA Media Contact:
Alyssa Hall, Director of Corporate Communications
973-628-3301
ahall(at)gaf(dot)com

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Alyssa Hall
GAF
+1 973-934-7302
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