DAYTONA BEACH, Fla., April 11, 2018 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), the leading purchaser, installer and distributor of insulation products to the U.S. construction industry, today announced the pricing of $400.0 million in aggregate principal amount of 5.625% Senior Notes due 2026 at an issue price of 100% to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933 and to certain non-U.S. persons in offshore transactions in accordance with Regulation S under the Securities Act. This represents an increase of $25.0 million in principal amount over the previously announced proposed offering of $375.0 million. TopBuild expects the offering to close on April 25, 2018, subject to customary closing conditions.

TopBuild intends to use the net proceeds from the sale of the notes to fund its previously announced acquisition of United Subcontractors, Inc