secwatch.observer — SEC 8-K summary
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Issuer:     QXO, Inc. (QXO)
CIK:        0001236275
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001104659-25-106997
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QXO cuts margin on $850M term loan B by 100bps to 2.00%+SOFR via amendment
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- Applicable margin on $850M senior secured term loan B reduced from 3.00% to 2.00% for term SOFR borrowings effective Nov 5, 2025.
- Base rate borrowings margin cut from 2.00% to 1.00%.
- Wells Fargo Bank provided new money; existing lenders cashless-rolled into refinanced facility.
- Principal amount remains $850M; maturity and covenants unchanged per Amendment No. 1.
- Lower margin expected to reduce annual interest expense on QXO's debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1236275/000110465925106997/0001104659-25-106997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1236275/000110465925106997/tm2530242d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-106997

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