QXO, Inc. (QXO) Form 8-K — Jul 1, 2026
QXO completed its acquisition of TopBuild Corp., with approximately 91% of TopBuild shareholders electing to receive cash. Due to proration procedures, former TopBuild shareholders will receive approximately $249.67 in cash and 10.212 shares of QXO common stock for each share of TopBuild common stock they owned. The transaction was financed through a combination of cash and equity, including an aggregate cash payment of about $6.4 billion and the issuance of roughly 312.5 million shares of QXO common stock. Additionally, the company entered into an amendment to its credit agreement to secure an incremental term loan facility of $3.0 billion maturing on July 1, 2033.
Key figures
- Debt Amount
- 3000000000
- Maturity Date
- July 1, 2033
- Shares Issued
- 312500000
- Cash Consideration
- 6400000000
- Proration Cash Per Share
- 249.67
- Cash Election Percentage
- 91.0%
- Common Authorized Shares
- 4000000000
- Proration Shares Per Share
- 10.212
- Series CAuthorized Shares
- 300000
Price after filing
Close on the filing date to close N calendar days later (from $16.54). Historical, not a forecast.
AI analysis
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