TopBuild Extends and Upsizes Senior Secured Credit Facilities
TopBuild (NYSE: BLD) has successfully extended and upsized its senior secured credit facilities to $2.25 billion, with maturities extended to May 2030. The new facilities include a $1.0 billion term loan, a $1.0 billion revolving credit facility, and a $250.0 million delayed draw term loan. The facilities will bear interest at SOFR plus 1.25% per annum, subject to a leverage-based pricing grid adjustment. CFO Rob Kuhns highlighted that this refinancing demonstrates strong banking partner support and enhances the company's liquidity and financial flexibility to execute its capital allocation strategy.
TopBuild (NYSE: BLD) ha con successo esteso e aumentato le sue linee di credito senior garantite a 2,25 miliardi di dollari, con scadenze prorogate fino a maggio 2030. Le nuove linee comprendono un prestito a termine da 1,0 miliardo di dollari, una linea di credito revolving da 1,0 miliardo di dollari e un prestito a termine a erogazione ritardata da 250 milioni di dollari. I finanziamenti prevedono un tasso d’interesse basato su SOFR più l’1,25% annuo, soggetto a una variazione in base al livello di indebitamento. Il CFO Rob Kuhns ha sottolineato che questa ristrutturazione riflette un forte supporto da parte delle banche partner e migliora la liquidità e la flessibilità finanziaria dell’azienda per attuare la sua strategia di allocazione del capitale.
TopBuild (NYSE: BLD) ha extendido y ampliado con éxito sus facilidades de crédito senior garantizadas hasta 2,25 mil millones de dólares, con vencimientos extendidos hasta mayo de 2030. Las nuevas facilidades incluyen un préstamo a plazo de 1.000 millones de dólares, una línea de crédito revolvente de 1.000 millones de dólares y un préstamo a plazo con desembolso diferido de 250 millones de dólares. Las facilidades devengarán intereses a SOFR más 1,25% anual, sujeto a un ajuste basado en una escala de apalancamiento. El CFO Rob Kuhns destacó que esta refinanciación demuestra un fuerte apoyo de los socios bancarios y mejora la liquidez y flexibilidad financiera de la empresa para ejecutar su estrategia de asignación de capital.
TopBuild (NYSE: BLD)는 시니어 담보 신용 시설을 성공적으로 연장하고 규모를 22억 5천만 달러로 확대했으며, 만기는 2030년 5월까지 연장되었습니다. 새 시설에는 10억 달러의 기한부 대출, 10억 달러의 회전 신용 한도, 그리고 2억 5천만 달러의 지연 인출 기한부 대출이 포함됩니다. 이 시설들은 연간 SOFR에 1.25%를 더한 이자를 적용하며, 레버리지 기반 가격 조정이 적용됩니다. CFO 로브 쿤스는 이번 재융자가 강력한 은행 파트너의 지원을 보여주며 회사의 유동성과 재무 유연성을 강화해 자본 배분 전략을 실행하는 데 도움이 된다고 강조했습니다.
TopBuild (NYSE : BLD) a réussi à prolonger et augmenter ses facilités de crédit senior garanties à 2,25 milliards de dollars, avec des échéances repoussées jusqu’en mai 2030. Les nouvelles facilités comprennent un prêt à terme d’1 milliard de dollars, une ligne de crédit renouvelable d’1 milliard de dollars et un prêt à terme à tirage différé de 250 millions de dollars. Les facilités porteront un intérêt basé sur le SOFR plus 1,25 % par an, soumis à un ajustement selon une grille tarifaire liée au levier financier. Le directeur financier Rob Kuhns a souligné que ce refinancement témoigne d’un fort soutien des partenaires bancaires et améliore la liquidité et la flexibilité financière de l’entreprise pour exécuter sa stratégie d’allocation de capital.
TopBuild (NYSE: BLD) hat seine besicherten Senior-Kreditfazilitäten erfolgreich verlängert und auf 2,25 Milliarden US-Dollar erhöht, mit Laufzeiten bis Mai 2030. Die neuen Fazilitäten umfassen einen 1,0-Milliarden-Dollar-Terminkredit, eine 1,0-Milliarden-Dollar revolvierende Kreditlinie und einen 250-Millionen-Dollar verzögerten Terminkredit. Die Kredite verzinsen sich mit SOFR plus 1,25 % pro Jahr, wobei eine an die Verschuldungsquote angepasste Preisstaffelung gilt. CFO Rob Kuhns hob hervor, dass diese Refinanzierung die starke Unterstützung der Bankpartner zeigt und die Liquidität sowie finanzielle Flexibilität des Unternehmens verbessert, um seine Kapitalallokationsstrategie umzusetzen.
- Increased total borrowing capacity to $2.25 billion, enhancing financial flexibility
- Extended debt maturities to May 2030, improving long-term debt structure
- Competitive interest rate at SOFR plus 1.25%, subject to leverage-based pricing
- Strong banking support indicates confidence in company's business model
- Increased debt exposure and potential interest rate risk
- Higher debt levels could impact future leverage ratios
Increases Borrowing Capacity to
DAYTONA BEACH, Fla., May 19, 2025 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE: BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, today announced the extension and upsizing of its existing senior secured credit facilities. The new
“The continued strong support from our key banking partners reflects our solid track record of operating performance and confidence in our business model,” said Rob Kuhns, Chief Financial Officer of TopBuild. “The transaction significantly increased our available liquidity and financial flexibility, further strengthening our ability to execute our capital allocation strategy.”
The amended credit facilities will bear interest at the Secured Overnight Financing Rate (SOFR) plus
About TopBuild
TopBuild Corp., headquartered in Daytona Beach, Florida, is a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. We provide insulation installation services nationwide through our Installation segment which has more than 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. To learn more about TopBuild please visit our website at www.topbuild.com.
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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