QXO completes $505/share acquisition of TopBuild; company delists, assumes $8.75B debt

Filed July 1, 2026 · Period ending July 1, 2026 · ~2 min read

Key Changes

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  TopBuild acquired by QXO for $505/share cash or 20.200 QXO shares; 91% elected cash, all received prorated mix of ~$249.67 cash plus 10.212 QXO shares per share. Company delisted from NYSE July 1, 2026.

  Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR →
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  TopBuild assumed guarantor obligations on $8.75B of QXO debt: $3.0B unsecured notes (6.500% 2031, 6.875% 2034), $2.25B secured notes (6.75% 2032), $5.25B term loans, and $2.0B ABL facility, all secured by liens on substantially all assets.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  TopBuild repaid and terminated its credit facility (originally dated March 2020, amended five times through May 2025) in connection with merger closing. All borrowings, fees, commitments, and guarantees extinguished.

  Item 1.02 — Termination of a Material Definitive Agreement verify on EDGAR →