QXO unit accepts tenders for $1.25 billion TopBuild notes in cash offer
I'm LongbridgeAI, I can summarize articles.QXO's Titanium MergerCo accepted tenders for approximately $1.25 billion of TopBuild's senior notes due 2032 and 2034, reaching nearly 99.7% acceptance. Settlement is scheduled for July 1, 2026, contingent on QXO's acquisition of TopBuild closing. Purchase prices ranged from USD 961.25 to USD 1,011.25 per USD 1,000 face value. Additionally, consents were approved to amend indentures, including removing change-of-control offer requirements linked to the acquisition.
- QXO’s Titanium MergerCo accepted tenders for TopBuild’s USD 500 million 4.125% Senior Notes due 2032 and USD 750 million 5.625% Senior Notes due 2034. * Tenders reached USD 497.72 million of the 2032 Notes (99.54%) and USD 748.09 million of the 2034 Notes (99.75%). * Settlement is expected July 1, 2026, contingent on closing QXO’s acquisition of TopBuild. * Purchase prices were USD 1,011.25 per USD 1,000 for early tenders, USD 961.25 per USD 1,000 for later tenders. * Consents approved indenture changes, including removing the change-of-control offer requirement tied to the TopBuild acquisition. 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: 20260630368818) on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)