BLD TopBuild Corp.

TopBuild Upsizes Senior Secured Credit Facilities

TopBuild Upsizes Senior Secured Credit Facilities

Borrowing Capacity Increased to $750 Million

Maturity Extended Three Years

DAYTONA BEACH, Fla., March 23, 2020 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) the leading installer and distributor of insulation and building material products in the United States, has entered into a new term loan and revolving credit facility, replacing its previous senior secured facilities.  Total borrowing capacity has been increased to $750 million and the maturity date has been extended three years to March 2025. 

 New FacilityPrevious Facility
Term Loan$300M$350M
Revolver$450M$250M
Total Credit Facility$750M$600M
Accordion$300M$200M
LIBOR Borrowing Spread*125 bps125 bps
Maturity DateMarch 2025May 2022
Participating Lenders86
*subject to leverage grid  
   

Jerry Volas, Chief Executive Officer of TopBuild stated, “We are very pleased to have successfully increased our term loan and revolving credit facilities by a total of $150 million with a maturity extension of three years. As a result of the Company’s solid financial position, demand to participate in this refinancing was strong and two banks were added to the syndicate.  Looking ahead, we believe that the additional liquidity strengthens our ability to capitalize on strategic acquisitions and other opportunities designed to enhance long term value for our stakeholders.”

Bank of America, JP Morgan Chase and PNC Bank served as Joint Lead Arrangers and Joint Book Runners on the new credit facilities.

About TopBuild

TopBuild Corp., a Fortune 1000 Company headquartered in Daytona Beach, Florida, is a leading installer and distributor of insulation and building material products to the U.S. construction industry. We provide insulation and building material services nationwide through TruTeam®, which has over 200 branches, and through Service Partners® which distributes insulation and building material products from over 75 branches.  We leverage our national footprint to gain economies of scale while capitalizing on our local market presence to forge strong relationships with our customers.  To learn more about TopBuild please visit our website at .

Investor Relations and Media Contact

Tabitha Zane



386-763-8801

EN
23/03/2020

Underlying

BLDTopBuild Corp.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TopBuild Corp.

Free Trial
BLD TOPBUILD CORP.

Topbuild Corp: 4 directors

Four Directors at Topbuild Corp sold 12,313 shares at between 415.000USD and 417.109USD. The significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the...

08/09/25 August 9, 2025 1 EN
 PRESS RELEASE
Free
BLD TOPBUILD CORP.

TopBuild Reports Second Quarter 2025 Results; Issues Guidance to Inclu...

TopBuild Reports Second Quarter 2025 Results; Issues Guidance to Include Progressive Roofing Acquisition Delivers second quarter sales of $1.3 billion and adjusted EBITDA margin of 20.1% 2025 outlook for $5.150 to $5.350 billion in sales and $970 to $1,070 million in adjusted EBITDA includes contribution from Progressive Roofing acquisition DAYTONA BEACH, Fla., Aug. 05, 2025 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer of insulation and commercial roofing and a specialty distributor of insulation and related building material products to the construction industry i...

August 5, 2025 1 EN
 PRESS RELEASE
Free
BLD TOPBUILD CORP.

TopBuild Completes Progressive Roofing Acquisition

TopBuild Completes Progressive Roofing Acquisition Aligns with TopBuild’s Core Strengths Expands Building Envelope Offering to General Contractor Customers and Increases Exposure to Non-Cyclical and Non-Discretionary Revenue Drivers Establishes Scalable Platform for Growth in $75 Billion, Highly Fragmented Commercial Roofing Sector DAYTONA BEACH, Fla., July 15, 2025 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) announced today that it has successfully completed its previously-announced acquisition of Progressive Roofing, a portfolio company of Bow River Capital, in an all-cash transact...

July 15, 2025 1 EN
 PRESS RELEASE
Free
BLD TOPBUILD CORP.

TopBuild to Release Second Quarter 2025 Results on Tuesday, August 5

TopBuild to Release Second Quarter 2025 Results on Tuesday, August 5 Conference Call and Webcast at 9:00 A.M. Eastern DAYTONA BEACH, Fla., July 14, 2025 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada, announced it will release its second quarter 2025 results prior to 7:00 a.m. Eastern time on Tuesday, August 5. The Company will host a conference call at 9:00 a.m. that same day to review its financial results. To participate ...

July 14, 2025 1 EN
 PRESS RELEASE
Free
BLD TOPBUILD CORP.

TopBuild to Acquire Progressive Roofing in All-Cash Transaction Valued...

TopBuild to Acquire Progressive Roofing in All-Cash Transaction Valued at $810 Million, Creating a New Growth Platform Aligns with TopBuild’s Core Strengths Expands Building Envelope Installation Solutions to IncludeComprehensive Suite of Commercial Roofing Services Enables Significant Growth Potential in ~$75B Highly Fragmented, Largely Non-Discretionary Commercial Roofing Services Industry DAYTONA BEACH, Fla., July 08, 2025 (GLOBE NEWSWIRE) --  TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the constru...

July 8, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch