debt
confidence high
sentiment neutral
materiality 0.60
QXO subsidiary prices $2.25B 6.75% senior secured notes due 2032, upsized from $2B
QXO, Inc.
- Queen MergerCo priced $2.25 billion of 6.75% Senior Secured Notes due 2032 at par.
- Offering increased from previously announced $2.0 billion.
- Closing expected on April 29, 2025, subject to customary conditions.
- Proceeds will fund Beacon Roofing Supply acquisition and related fees.
- Notes sold to QIBs under Rule 144A and offshore under Regulation S.