QXO, Inc. (QXO) Raises $830 Million in Private Placement
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QXO Raises $830 Million in Private Placement
March 17, 2025 4:15 PM EDTGREENWICH, Conn.--(BUSINESS WIRE)-- QXO, Inc. (NYSE: QXO) (the Company or QXO) today announced that it has entered into purchase agreements with certain institutional investors for an $830 million private placement financing (the Private Placement). The closing of the Private Placement is contingent upon the concurrent consummation of the Companys outstanding all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (Nasdaq: BECN).
In the Private Placement, QXO will sell approximately 67.5 million shares of its common stock at $12.30 per share. Both existing and new... More
