secwatch.observer — SEC 8-K summary
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Issuer:     QXO, Inc. (QXO)
CIK:        0001236275
Form:       8-K
Filed at:   2025-04-21T23:59:59+00:00
Accession:  0000950142-25-001120
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1236275/000095014225001120/0000950142-25-001120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1236275/000095014225001120/eh250618011_8k-bond.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-001120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer