QXO Prices $3B Senior Notes Offering to Fund TopBuild Acquisition

QXO, Inc. announced that its subsidiary, QXO Building Products, Inc., has priced an offering of $1.5 billion of 6.500% Senior Notes due 2031 and $1.5 billion of 6.875% Senior Notes due 2034, both at par. The offering is expected to close on June 17, 2026. Proceeds will be used to fund the previously announced acquisition of TopBuild Corp., including the repayment of TopBuild's debt. If the offering closes before the acquisition, the notes will be secured by an escrow account.