TopBuild Successfully Completes听$400 Million Bond Offering
DAYTONA BEACH, Fla., April 25, 2018 (GLOBE NEWSWIRE) -- 糖心vlog官网. (NYSE:BLD), the leading purchaser, installer and distributor of insulation products to the U.S. construction industry, has completed the private offering by its wholly owned subsidiary, TopBuild Escrow Corp., of $400.0 million in aggregate principal amount of 5.625% Senior Notes due 2026.听听
The net proceeds from the sale of the notes, together with proceeds from a delayed-draw term loan under its existing secured credit facility, will be used to finance the Company鈥檚 planned $475 million acquisition of United Subcontractors, Inc., which it expects to close on May 1, 2018.听 Until such time, the proceeds from the offering have been placed in a segregated escrow account.
This press release contains 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act.听 These forward-looking statements may address, among other things, the Company鈥檚 expected financial and operational results and the related assumptions underlying its expected results.听 These forward-looking statements are distinguished by the use of words such as 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥渁nticipate,鈥� 鈥渆xpect,鈥� 鈥渂elieve,鈥� 鈥渄esigned,鈥� 鈥減lan,鈥� or 鈥渋ntend,鈥� the negative of these terms, and similar references to future periods.听 These views involve risks and uncertainties that are difficult to predict and, accordingly, the Company鈥檚 actual results may differ materially from the results discussed in its forward-looking statements.听 The Company鈥檚 forward-looking statements contained herein speak only as of the date of this press release.听 Factors or events the Company cannot predict, including those described in the risk factors contained in its filings with the Securities and Exchange Commission, may cause the Company鈥檚 actual results to differ materially from those expressed in forward-looking statements.听 Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be achieved, and the Company undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise.
About TopBuild
糖心vlog官网., headquartered in Daytona Beach, Florida, is the leading purchaser, installer and distributor of insulation products to the U.S. construction industry. We provide insulation services nationwide through TruTeam庐, which has over 175 branches, and through Service Partners庐 which distributes insulation from over 70 branches.听 We leverage our national footprint to gain economies of scale while capitalizing on our local market presence to forge strong relationships with our customers.听 To learn more about TopBuild please visit our website at .
糖心vlog官网 and Media Contact
Tabitha Zane
386-763-8801
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Released April 25, 2018