TOPBUILD CORP: conclusion of a material definitive agreement, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a holder, financial statements and supporting documents (Form 8-K)

0

Article 1.01. The conclusion of an important definitive agreement.

At October 7, 2021, TopBuild Corp., a Delaware the company (the “Company”), as well as some of its subsidiaries, Bank of America, NA., in its capacity as administrative agent for the Lenders, and each of the Lenders party thereto (the “Lenders”), has entered into Amendment No. 2 (the “Amendment”) to the Amended Credit Agreement and Company update, dated March 20, 2020 (as amended, the “Credit Agreement”) filed as Exhibit 10.1 of dated Form 8-K
March 23, 2020.

The amendment, among other things, (i) extends the maturity date of the revolving and term credit facilities under the Credit Agreement to October 7, 2026, (ii) re-advances to the Company an aggregate amount equal to $ 7.5 million
under the term loan under the credit agreement so that the total principal amount outstanding on the term loan is $ 300.0 million, which is equal to the original principal of this term loan on the original date of the credit agreement (and resets the amortization schedule accordingly, taking into account the extended maturity date), (iii) increases the available commitments under the revolving facility of $ 450.0 million To $ 500 million and (iv) provides for a new $ 300.0 million deferred drawing term credit facility, the proceeds of which will be used, in part, to finance the acquisition of DI Super Holdings, Inc, the indirect parent of International Distribution, Inc., including the payment of related fees and expenses.

The foregoing description of the Amendment is only a summary and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated by reference in this section 1.01.

Article 2.03. Creation of a direct financial obligation or obligation under a

           Off-Balance Sheet Arrangement of a Registrant.


The information described in Section 1.01 above relating to the Amendment is incorporated herein by reference in this Section 2.03.

Article 9.01. Financial statements and supporting documents.

(d) Exhibits.



 Exhibit Number                                Exhibit Description

     10.1                Amendment No. 2 to Amended and Restated Credit Agreement, dated as
                       of October 7, 2021


   104                 Cover Page Interactive Data File (formatted as Inline XBRL)




                                       2

© Edgar online, source Previews


Source link

Share.

Comments are closed.