TopBuild Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

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Long-Term Debt - Key Terms of Credit Agreement (Details)

v3.24.1.u1

Long-Term Debt - Key Terms of Credit Agreement (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Jul. 26, 2023
Revolving Facility
Long-Term Debt
Availability	$ 500,000	$ 500,000
Credit Agreement
Long-Term Debt
Interest rate	6.43%
Scheduled maturity date	Oct. 07, 2026
Credit Agreement \| Base Rate Borrowings \| Federal Funds Rate
Long-Term Debt
Basis spread	0.50%
Credit Agreement \| Base Rate Borrowings \| SOFR
Long-Term Debt
Maturity of the reference rate	1 month
Credit Agreement \| SOFR Rate Borrowings
Long-Term Debt
Interest rate floor (as a percent)	0.00%
Credit Agreement \| Term Loan Facility
Long-Term Debt
Availability	$ 600,000
Credit Agreement \| Term Facility One \| Base Rate Borrowings \| Minimum
Long-Term Debt
Applicable margin based on total leverage ratio	0.00%
Credit Agreement \| Term Facility One \| Base Rate Borrowings \| Maximum
Long-Term Debt
Applicable margin based on total leverage ratio	1.50%
Credit Agreement \| Term Facility One \| Base Rate Borrowings \| SOFR
Long-Term Debt
Basis spread	1.00%
Credit Agreement \| Term Facility One \| SOFR Rate Borrowings \| Minimum
Long-Term Debt
Applicable margin based on total leverage ratio	1.00%
Credit Agreement \| Term Facility One \| SOFR Rate Borrowings \| Maximum
Long-Term Debt
Applicable margin based on total leverage ratio	2.50%
Credit Agreement \| Term Facility Two
Long-Term Debt
Availability			$ 550,000
Credit Agreement \| Revolving Facility
Long-Term Debt
Availability	$ 500,000
Sublimit for issuance of letters of credit under Revolving Facility*	100,000
Sublimit for swingline loans under Revolving Facility*	$ 35,000

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+ References

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- Definition

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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