TopBuild upsizes credit facilities to $2.25B, extends maturity to 2030

TopBuild Corp

Revolving credit facility increased from $500M to $1.0B; new $1.0B term loan and $250M delayed draw term loan added.
Maturity extended to May 16, 2030; max consolidated net leverage ratio raised to 3.75:1 from 3.50:1.
Borrowings bear interest at SOFR plus 1.25% per annum, subject to leverage-based pricing grid.
CFO Rob Kuhns says transaction increases liquidity and financial flexibility for capital allocation.

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