TopBuild Corp. (BLD) the leading installer and distributor of insulation and building material products in the United States, has entered into a new term loan and revolving credit facility, replacing its previous senior secured facilities.  Total borrowing capacity has been increased to $750 million and the maturity date has been extended three years to March 2025.

Jerry Volas, Chief Executive Officer of TopBuild stated, “We are very pleased to have successfully increased our term loan and revolving credit facilities by a total of $150 million with a maturity extension of three years. As a result of the Company’s solid financial position, demand to participate in this refinancing was strong and two banks were added to the syndicate.  Looking ahead, we believe that the additional liquidity strengthens our ability to capitalize on strategic acquisitions and other opportunities designed to enhance long term value for our stakeholders.”

Bank of America, JP Morgan Chase and PNC Bank served as Joint Lead Arrangers and Joint Book Runners on the new credit facilities.