TopBuild Announces Senior Notes Offering
TopBuild (NYSE:BLD), a leading installer of insulation and commercial roofing materials in the US and Canada, has announced a private offering of $750 million senior notes due 2034. The notes will be offered to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S of the Securities Act.
The notes will be guaranteed by TopBuild's wholly owned domestic subsidiaries that are borrowers or guarantors under the company's credit agreement. The company plans to use the proceeds for general corporate purposes, including potential acquisitions. The offering is subject to market conditions and completion is not guaranteed.
TopBuild (NYSE:BLD), un’azienda leader nell’installazione di isolamento e materiali per coperture commerciali negli Stati Uniti e in Canada, ha annunciato un’emissione privata di note senior da 750 milioni di dollari in scadenza nel 2034. Le note saranno offerte a acquirenti istituzionali qualificati ai sensi della Rule 144A e a determinati non residenti statunitensi ai sensi del Regulation S del Securities Act.
Le note saranno garantite dalle filiali statunitensi interamente controllate di TopBuild che sono mutuatrici o garanti ai sensi dell’accordo di credito dell’azienda. L’azienda intende utilizzare i proventi per scopi generali aziendali, inclusi potenziali acquisizioni. L’offerta è soggetta alle condizioni di mercato e il completamento non è garantito.
TopBuild (NYSE:BLD), líder instalador de aislación y materiales de techos comerciales en Estados Unidos y Canadá, ha anunciado una oferta privada de $750 millones en notas senior con vencimiento en 2034. Las notas se ofrecerán a compradores institucionales calificados bajo la Regla 144A y a ciertas personas no estadounidenses bajo el Reglamento S de la Securities Act.
Las notas serán garantizadas por las subsidiarias nacionales de TopBuild que sean prestatarias o garantes bajo el acuerdo de crédito de la empresa. La compañía planea utilizar los ingresos para fines corporativos generales, incluida la posible adquisición. La oferta está sujeta a condiciones de mercado y su cierre no está garantizado.
TopBuild (NYSE:BLD), 미국과 캐나다에서 절연재 및 상업용 지붕 자재 설치의 선두 기업은 2034년 만기 7억 5천만 달러 고위험 채권의 비공개 발행을 발표했습니다. 채권은 규칙 144A에 따라 자격을 갖춘 기관투자자와 규정 S(Regulation S)에 따라 특정 비미국인들에게 제공됩니다.
채권은 회사의 신용계약에 따라 차주 또는 보증인인 TopBuild의 국내 완전지배 자회사가 보증합니다. 회사는 이 자금을 일반기업 용도, 포함Potential한 인수에 사용할 계획입니다. 발행은 시장 여건에 좌우되며 완료가 보장되지 않습니다.
TopBuild (NYSE:BLD), entreprise leader dans l’installation d’isolation et de matériaux de couverture commerciaux aux États‑Unis et au Canada, a annoncé une offre privée de 7,5 milliards de dollars d’obligations seniors arrivant à échéance en 2034. Les obligations seront offertes à des acheteurs institutionnels qualifiés conformément à la Rule 144A et à certaines personnes non résidentes sous le Regulation S du Securities Act.
Les obligations seront garanties par les filiales domestiques entièrement détenues de TopBuild qui sont emprunteurs ou garants en vertu de l’accord de crédit de l’entreprise. L’entreprise prévoit d’utiliser le produit pour des fins générales d’entreprise, y compris d’éventuelles acquisitions. L’offre est soumise aux conditions du marché et son achèvement n’est pas garanti.
TopBuild (NYSE:BLD), ein führender Installateur von Dämmstoffen und gewerblichen Dacheindeckungen in den USA und Kanada, hat eine Privatplatzierung von 750 Mio. USD Senior Notes mit Fälligkeit 2034 angekündigt. Die Anleihen werden qualifizierten institutionellen Käufern gemäß Rule 144A und bestimmten Nicht-US-Personen gemäß Regulation S des Securities Act angeboten.
Die Anleihen werden von TopBuilds ausschließlich börsennotierten inländischen Tochtergesellschaften garantiert, die Schuldner oder Garanten gemäß dem Kreditvertrag des Unternehmens sind. Das Unternehmen beabsichtigt, die Erlöse für allgemeine Unternehmenszwecke, einschließlich möglicher Akquisitionen zu verwenden. Das Angebot unterliegt den Marktbedingungen, und eine Fertigstellung ist nicht garantiert.
TopBuild (NYSE:BLD)، الشركة الرائدة في تركيب العزل ومواد الأسطح التجارية في الولايات المتحدة وكندا، أعلنت عن عرض خاص لـ سندات senior بقيمة 750 مليون دولار قابلة للسداد في 2034. ستُعرض السندات على مشترين مؤسسيين مؤهلين بموجب Rule 144A ولأشخاص غير أمريكيين معينين بموجب Regulation S من Securities Act.
ستضمن السندات شركات TopBuild الفرعية المحلية المملوكة بالكامل والتي تكون مدينين أو مصرفين وفقاً لاتفاق الائتمان الخاص بالشركة. تخطط الشركة لاستخدام العائدات لـ الأغراض العامة للشركة، بما في ذلك الاندماجات المحتملة. العرض خاضع لظروف السوق ولا يوجد ضمان لإتمامه.
TopBuild (NYSE:BLD)，在美国和加拿大的隔热材料与商业屋面材料安装领域的领先企业，宣布私募发行 7.5亿美元的2034年到期 senior notes。这些票据将根据证券法的 Rule 144A 向符合条件的机构买家发行，并根据 Regulation S 向某些非美国人士发行。
票据将由 TopBuild 完全控股的在国内的借款方或担保方子公司提供担保。公司计划将所得用于 一般企业用途，包括潜在并购。本次发行取决于市场条件，完成与否尚无保障。
- Potential for strategic acquisitions with the new funding
- Strengthening of company's financial position with long-term debt structure
- Demonstrates market confidence in company's ability to raise significant capital
- Increased debt load with $750 million notes offering
- Additional interest expense will impact future earnings
- Potential dilution of existing debt holders
DAYTONA BEACH, Fla., Sept. 15, 2025 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) (“TopBuild” or the “Company”), a leading installer of insulation and commercial roofing and a specialty distributor of insulation and related building material products to the construction industry in the United States and Canada, today announced a private offering of
The notes will be guaranteed, on an unsecured senior basis, by each of TopBuild’s direct and indirect wholly owned domestic subsidiaries that is a borrower or guarantor under the Company’s credit agreement.
The notes offering is subject to market and other conditions, and there is no assurance that the offering will be completed or, if completed, as to the terms on which it will be completed.
The notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration requirements. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About TopBuild
TopBuild Corp., headquartered in Daytona Beach, Florida, is a leading installer of insulation and commercial roofing and is also a specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. We provide insulation and commercial roofing installation services nationwide through our Installation segment which has over 200 branches located across the United States. We distribute building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets through our Specialty Distribution business. Our Specialty Distribution network encompasses more than 150 branches across the United States and Canada.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of federal securities laws. Forward-looking statements can be identified by the use of forward-looking words, such as “will,” “would,” “anticipate,” “expect,” “believe,” “plan,” “hope,” “estimates,” “suggests,” “has the potential to,” “projects,” “assumes,” “goal,” “targets,” “likely,” “should,” or “intend,” and other words and phrases of similar meanings, the negative of these terms, and similar references to anticipated or expected events, activities, trends, future periods or results. Forward-looking statements are based on the Company’s current expectations and are subject to risks and uncertainties that are difficult to predict and, accordingly, the Company’s actual results may differ materially from the results discussed or implied in the Company’s forward-looking statements. The Company cautions against relying on any of these forward-looking statements. Forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including: the duration and impact of negative macro-economic impacts on the United States economy, specifically with respect to residential and commercial/industrial construction; the Company’s ability to collect its receivables from its customers; the Company’s reliance on residential new construction, residential repair/remodel, and commercial/industrial construction; the Company’s reliance on third-party suppliers and manufacturers; the Company’s ability to attract, develop, and retain talented personnel and the Company’s sales and labor force; the Company’s ability to maintain consistent practices across the Company’s locations; the Company’s ability to maintain the Company’s competitive position; and the Company’s ability to find attractive acquisition targets, successfully complete acquisitions and realize the expected benefits of the Company’s acquisitions. The Company discusses many of the risks it faces under the caption entitled “Risk Factors” in the offering memorandum for this offering and in the Company’s Form 10-K for the year ended December 31, 2024 filed with the SEC and incorporated by reference into the offering memorandum. The Company’s forward-looking statements in this press release speak only as of the date of this press release. Factors or events that could cause the Company’s actual results to differ materially may emerge from time to time, and it is not possible for the Company to predict all of them. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise.
This press release was published by a CLEAR® Verified individual.
Investor Relations and Media Contact PI Aquino pi.aquino@topbuild.com 386-763-8801
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