CD&R’s Wilsonart Better Than Expected Earnings Boost Debt Prices

Wilsonart’s debt has rallied in recent days after the CD&R-owned building products company reported positive quarter earnings on Tuesday.

• Wilsonart’s 1Q adjusted earnings before interest, taxes, depreciation and amortization rose 9% to $46 million, according to people familiar with the matter
• Firm’s 11% bond due 2032 has climbed 6 cents on the dollar to 82.3 cents since the company reported earnings, according to Trace data
• Its loan due 2031 climbed 3 cents to 91.37 cents on the dollar
• A CD&R spokesperson declined to comment, while a representative for Wilsonart didn’t immediately reply to a request for comment

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