QXO subsidiary announces $2B senior secured notes offering to fund Beacon acquisition

QXO, Inc.

Queen MergerCo proposes $2,000M Senior Secured Notes due 2032 in private offering.
Proceeds will fund previously announced $11B acquisition of Beacon Roofing Supply.
Notes guaranteed by Beacon's domestic restricted subsidiaries on senior secured basis.
Secured by first-priority liens on non-ABL assets and second-priority on ABL collateral.
Acquisition expected to close week of April 28, 2025; Merger Sub to merge into Beacon.

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