QXO subsidiary prices $3B senior notes to fund TopBuild acquisition

QXO, Inc.

Issuer priced $1.5B of 6.500% notes due 2031 and $1.5B of 6.875% notes due 2034 at par.
Proceeds, along with term loans, preferred stock and cash, to finance TopBuild acquisition and repay TopBuild debt.
Notes will be escrowed with first-priority security until TopBuild acquisition closes; thereafter unsecured.
Offering expected to close on June 17, 2026, subject to market and customary conditions.

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