TopBuild (BLD) announced a private offering of $750M aggregate principal amount of senior notes due 2034 to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933 and to certain non-U.S. persons in offshore transactions in accordance with Regulation S under the Securities Act. TopBuild intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include acquisitions. 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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLD:
- TopBuild price target raised to $444 from $375 at Benchmark
- TopBuild upgraded to Buy from Neutral at Seaport Research
- TopBuild Corp. Reports Q2 Earnings and Strategic Acquisition
- TopBuild’s Strategic Growth and Diversification Drive Buy Rating
- TopBuild Corp’s Earnings Call: Strategic Growth Amid Challenges