Loan & DebtMay 29, 2026, 04:28 PM
TopBuild to Redeem $400M 3.625% Senior Notes Due 2029
AI Summary
TopBuild Corp. announced its election to exercise its optional redemption right for the entire outstanding $400 million aggregate principal amount of its 3.625% Senior Notes due 2029. The redemption date is set for July 1, 2026, with a redemption price of 100.000% of the principal amount plus accrued interest. This action is conditional upon receiving stockholder approvals for the proposed acquisition of TopBuild by QXO, Inc.
Key Highlights
- TopBuild to redeem $400 million aggregate principal amount of its 3.625% Senior Notes.
- The Senior Notes were originally due in 2029.
- The redemption date is scheduled for July 1, 2026.
- Notes will be redeemed at 100.000% of principal plus accrued and unpaid interest.
- Redemption is conditional on stockholder approval for the proposed acquisition by QXO, Inc.
Price Impact
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