TopBuild offers $375 million eight-year notes at mid-to-high 5% area; pricing expected Thursday

By Paul A. Harris

Portland, Ore., April 9 – TopBuild Corp. plans to price a $375 million offering of eight-year senior notes (BB-) on Thursday, according to a market source.

Initial price talk has the deal coming with a yield in the talk mid-to-high 5% area.

BofA Merrill Lynch is leading the Rule 144A and Regulation S offering.

The notes come with three years of call protection.

The Daytona, Fla.-based supplier of insulation products plans to use the proceeds to fund its acquisition of United Subcontractors, Inc.

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