QXO says 99%+ of TopBuild notes tendered in cash offers ahead of acquisition

QXO, Inc.
TopBuild Corp.

QXO, Inc.

QXO

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TopBuild Corp.

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  • QXO reported early tender results for cash offers tied to its pending TopBuild acquisition, covering TopBuild’s US$500 million 4.125% Senior Notes due 2032 and US$750 million 5.625% Senior Notes due 2034.
  • Holders tendered US$497.72 million of the 2032 notes (99.54%) and US$747.89 million of the 2034 notes (99.72%) by the June 11 early deadline.
  • Early tender consideration was US$1,011.25 per US$1,000 principal for each series, excluding accrued interest; late tenders get US$961.25.
  • Requisite consents were received, enabling amendments that remove the change-of-control offer requirement and strip most covenants once notes are purchased.
  • Offers expire June 29; settlement is expected two business days later, timed to align with closing of the TopBuild deal.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. QXO Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260612380184) on June 12, 2026, and is solely responsible for the information contained therein.