QXO (QXO) said Thursday it priced its underwritten public offerings of about 48.5 million common shares at $16.50 per share and $500 million in depositary shares representing 5.50% series B mandatory convertible preferred stock at $50 per share.
Underwriters have been granted a 30-day option to purchase up to about 7.3 million additional shares at $75 million in depositary shares.
Gross proceeds from the common stock offering are estimated to be $800 million.
The offerings are not dependent on each other. The common stock offering is expected to close Friday, while the depositary shares offering is set to close on May 27.
Proceeds from the offerings will be used to repay debt under the company's senior secured term loan facility, aiming to strengthen its financial position and enhance flexibility for future acquisitions.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。