QXO Announces Early Tender Results of Cash Tender Offers and Consent Solicitations for Any and All of TopBuild Corp.’s 4.125% Senior Notes due 2032 and 5.625% Senior Notes due 2034 and Receipt of Requisite Consents
QXO announced that it received requisite consents for TopBuild Corp.’s outstanding senior notes, a key step toward closing its pending acquisition of the building materials distributor. Early tender results showed 99.54% of the $500 million 2032 notes and 99.72% of the $750 million 2034 notes were validly tendered, allowing QXO to execute supplemental indentures that eliminate restrictive covenants and change-of-control offers.
Key figures
- Deal Value Usd
- 1.25 billion
- Notes 2032 tendered
- 497723000
- Notes 2034 tendered
- 747893000
- Notes 2032 principal
- 500000000
- Notes 2034 principal
- 750000000
- Notes 2032 tender pct
- 99.54%
- Notes 2034 tender pct
- 99.72%
- Early tender payment per 1k
- 50
AI analysis
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