---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-007965"
form_type: "8-K"
ticker: "BLD"
cik: "0001633931"
company_name: "TopBuild Corp"
filed_at: "2025-05-19T23:59:59+00:00"
generated_at: "2026-05-21T01:45:11.964563+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-007965
- form_type: 8-K
- ticker: BLD
- cik: 0001633931
- company_name: TopBuild Corp
- filed_at: 2025-05-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633931/000155837025007965/0001558370-25-007965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633931/000155837025007965/bld-20250516x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-007965
- JSON: https://secwatch.observer/filing/0001558370-25-007965.json
- Plain text: https://secwatch.observer/filing/0001558370-25-007965.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.