QXO, Inc. announced that its subsidiary, Queen MergerCo, Inc., has priced an upsized $2.25 billion offering of 6.75% Senior Secured Notes due 2032 at par. The offering was increased from the previously announced $2 billion, indicating strong market demand for QXO's debt. The closing of the offering is expected on April 29, 2025, subject to market and other conditions.
The proceeds from these notes, combined with borrowings under new senior secured credit facilities, proceeds from QXO’s previously announced equity offerings, and available balance sheet cash, will be used to fund the transactions contemplated by the merger agreement for Beacon Roofing Supply, Inc. This upsized offering further solidifies QXO's financial capacity to complete the $11 billion acquisition. The successful pricing reflects investor confidence in QXO's strategic vision and financial strength.
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