QXO Subsidiary Prices $3 Billion Senior Notes Offering

MT Newswires Live

06/04

QXO's (QXO) Building Products subsidiary has priced a $1.5 billion offering of 6.5% senior notes due 2031 and $1.5 billion offering of 6.875% senior notes due 2034 at par, the company said Wednesday.

The offering is set to close June 17.

The company plans to use the proceeds from the offering of the notes, along with other borrowings, to fund its acquisition of TopBuild, it said.

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