Core Viewpoint - BioMarin Pharmaceutical Inc. has successfully closed an offering of $850 million in senior unsecured notes to finance the acquisition of Amicus Therapeutics, Inc. and related expenses [1] Financing Details - The offering consists of 5.500% senior unsecured notes due in 2034, priced at 100.000% [1] - BioMarin plans to utilize the net proceeds from the notes, along with $2 billion from a new senior secured term loan "B" facility and $800 million from a senior secured term loan "A" facility, to fund the acquisition [1] - Additionally, a $600 million senior secured revolving credit facility is expected to be established in connection with the acquisition [1] Acquisition Context - The gross proceeds from the notes will be held in an escrow account until the acquisition is completed [1] - If the acquisition is not finalized by December 19, 2026, BioMarin must redeem the notes at their initial issue price plus accrued interest [1] Guarantees and Covenants - The notes are guaranteed by certain subsidiaries of BioMarin, including Amicus and its subsidiaries post-acquisition [1] - The indenture governing the notes includes covenants that restrict BioMarin and its subsidiaries from incurring additional debt, paying dividends, and other financial activities without exceptions [1] Regulatory Compliance - The notes have not been registered under the Securities Act and are offered only to qualified institutional buyers or non-U.S. persons [1]

Core Viewpoint - TopBuild Corp. has successfully extended and increased its senior secured credit facilities to $2.25 billion, enhancing its liquidity and financial flexibility to support its capital allocation strategy [1][2]. Group 1: Financial Details - The new credit facilities consist of a $1.0 billion term loan, a $1.0 billion revolving credit facility, and a $250.0 million delayed draw term loan, all maturing in May 2030 [1]. - The amended credit facilities will incur interest at the Secured Overnight Financing Rate (SOFR) plus 1.25% per annum, subject to adjustments based on a leverage-based pricing grid [2]. Group 2: Company Overview - TopBuild Corp. is a leading installer and specialty distributor of insulation and building material products in the construction industry across the United States and Canada [3]. - The company operates more than 200 branches for insulation installation services and over 150 branches for its Specialty Distribution business, which includes building and mechanical insulation and related products [3].