QXO, Inc. announced it has entered into purchase agreements with certain institutional investors for an $830 million private placement financing. The private placement involves the sale of approximately 67.5 million shares of QXO common stock at $12.30 per share. The closing of this financing is contingent upon the concurrent consummation of QXO’s all-cash tender offer to acquire Beacon Roofing Supply, Inc.
This capital raise strengthens QXO's financial capacity to fund the pending acquisition and execute its growth strategy in the building products distribution industry. The participation of both existing and new investors in the transaction underscores confidence in QXO's strategic vision. This financing is a crucial step in securing the necessary funds for the transformative Beacon acquisition.
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