debt
confidence high
sentiment neutral
materiality 0.55
TopBuild closes $750M 5.625% senior notes due 2034 for general corporate purposes
TopBuild Corp
- Issued $750M aggregate principal of 5.625% Senior Notes due Jan 31, 2034; interest payable semiannually starting July 31, 2026.
- Net proceeds intended for general corporate purposes, including potential acquisitions.
- Notes are unsecured senior obligations, ranking equally with existing and future unsubordinated debt.
- Optional redemption at par plus premium before Sep 30, 2028; at specified prices after that date.
- Change of control triggers offer to repurchase at 101% of principal plus accrued interest.
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