MergerJul 1, 2026, 04:23 PM
TopBuild Guarantees QXO's $10.5B Debt Facilities Post-Merger
AI Summary
TopBuild Corp. has guaranteed approximately $10.5 billion in debt obligations for QXO Building Products, Inc. following the consummation of their merger on July 1, 2026. These guarantees cover QXO's unsecured notes, secured notes, and term loan facilities. Additionally, TopBuild and its subsidiaries guaranteed QXO's asset-based revolving credit facility, with secured obligations backed by first and second-priority liens on various assets.
Key Highlights
- TopBuild guaranteed QXO's $1.5 billion 6.500% Senior Notes due 2031.
- TopBuild guaranteed QXO's $1.5 billion 6.875% Senior Notes due 2034.
- TopBuild guaranteed QXO's $2.25 billion 6.75% Senior Secured Notes due 2032.
- TopBuild guaranteed QXO's $3.0 billion incremental term loan facility.
- TopBuild guaranteed QXO's $2.25 billion existing term loan facility.
- TopBuild guaranteed QXO's asset-based revolving credit facility.
- Secured obligations are backed by first-priority liens on Notes Priority Collateral.
- Secured obligations are backed by second-priority liens on ABL Priority Collateral.
Price Impact
More from BLD