Topbuild commences senior notes offering

Daytona beach, fla., feb. 24, 2021 (globe newswire) -- topbuild corp. (nyse:bld), a leading installer and distributor of insulation and building material products in the united states, is commencing a private offering of $400 million aggregate principal amount of senior unsecured notes due 2029. the company intends to use the net proceeds from the offering, together with cash on hand, to redeem its existing $400 million 5.625% senior unsecured notes maturing in 2026. 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.
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