Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
TopBuild Corp incurred term loan of $550.0 million with Bank of America, N.A. at Term SOFR or the Base Rate plus an applicable rate ranging from 1.50% to 3.00% f maturing October 7, 2026.
- Instrument
- term loan
- Principal
- $550.0 million
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR or the Base Rate plus an applicable rate ranging from 1.50% to 3.00% f
- Maturity
- October 7, 2026
- Event
- incurrence
Exact text from the filing
The Amendment, among other things, (i) increases the Permitted Increase Amount (as defined in the Credit Agreement) from $300.0 million to $850.0 million and (ii) provides for a new $550.0 million delayed draw term loan facility (the “Delayed Draw Term Loan”), the proceeds of which will be used, in part, to finance the Transaction (as defined below), including the payment of related fees and expenses.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TopBuild Corp amended Amendment No. 4 with Bank of America, N.A. valued at $550.0 million delayed draw term loan (effective 2023-07-26).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $550.0 million delayed draw term loan
- Effective
- 2023-07-26
Exact text from the filing
The Amendment, among other things, (i) increases the Permitted Increase Amount (as defined in the Credit Agreement) from $300.0 million to $850.0 million and (ii) provides for a new $550.0 million delayed draw term loan facility (the “Delayed Draw Term Loan”), the proceeds of which will be used, in part, to finance the Transaction (as defined below), including the payment of related fees and expenses.
View on SEC.gov