M&A
confidence high
sentiment neutral
materiality 0.60
QXO subsidiary receives ~99.6% of TopBuild notes tendered for acquisition
QXO, Inc.
- $497.7M of $500M 2032 notes (99.54%) and $747.9M of $750M 2034 notes (99.72%) tendered.
- Requisite consents obtained; supplemental indentures executed eliminating change-of-control and restrictive covenants.
- Tender offers expire June 29, 2026; settlement expected concurrent with TopBuild Acquisition closing.
- Total tender consideration $1,011.25 per $1,000 principal plus accrued interest.