secwatch.observer — SEC 8-K summary
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Issuer:     TopBuild Corp (BLD)
CIK:        0001633931
Form:       8-K
Filed at:   2026-07-01T20:16:46+00:00
Accession:  0001104659-26-079876
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 8.01, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QXO completes acquisition of TopBuild; TopBuild renamed QXO Insulation, LLC, shares delisted
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- Merger consideration: $505 cash or 20.2 QXO shares per TopBuild share; 91% elected cash, prorated to ~$249.67 cash + 10.212 QXO shares per share.
- New debt financing: $3.0B unsecured notes (6.5% 2031, 6.875% 2034), $2.25B secured notes (6.75% 2032), $3.0B incremental term loan, and $2.0B ABL facility.
- TopBuild's prior credit agreement repaid and terminated; all outstanding TopBuild notes (2029, 2032, 2034) redeemed and cancelled.
- All TopBuild directors and executive officers ceased; former CEO Joseph Viselli received $894,539 cash payment upon retirement.
- TopBuild shares delisted from NYSE; registrant renamed QXO Insulation, LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633931/000110465926079876/0001104659-26-079876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633931/000110465926079876/tm2618991d10_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-079876

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