TopBuild eliminates bondholder protections on $1.8B+ debt ahead of QXO acquisition

Filed June 11, 2026 · Period ending June 11, 2026 · ~1 min read

Key Changes

• high

  TopBuild amended its 2032 and 2034 senior notes to eliminate change-of-control provisions, removing noteholders' right to sell bonds back at par when the QXO merger closes.

  Item 8.01 view on EDGAR →
• high

  Amendments strip away substantially all restrictive covenants and most default triggers, leaving only payment defaults. This gives QXO near-total operational freedom post-acquisition.

  Item 8.01 view on EDGAR →
• medium

  Majority noteholders consented to these changes by June 11 deadline as part of QXO's concurrent tender offer and consent solicitation launched May 29, 2026.

  Item 8.01 view on EDGAR →