Topbuild announces senior notes offering in connection with previously announced acquisition of distribution international

Daytona beach, fla., sept. 28, 2021 (globe newswire) -- topbuild corp. (nyse:bld) (“topbuild” or the “company”) a leading installer and distributor of insulation and building material products in the united states, today announced a private offering of $500.0 million aggregate principal amount of senior notes due 2032 (the “notes”) to qualified institutional buyers in accordance with rule 144a under the securities act of 1933 (the “securities act”) 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, together with borrowings under a new term loan and cash on hand, to fund the purchase price payable in connection with the consummation of its previously announced acquisition (the “acquisition”) of distribution international, inc. (“di”), including the payment of related fees and expenses.
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