QXO secures 99.5%+ acceptance in $1.25B TopBuild note tender, strips bondholder protections

Filed June 12, 2026 · Period ending June 12, 2026 · ~1 min read

Key Changes

• high

  QXO's subsidiary received 99.54% acceptance on TopBuild's $500M 2032 notes and 99.72% on $750M 2034 notes, paying $1,011.25 per $1,000 principal plus accrued interest.

  Item 8.01 — Other Events verify on EDGAR →
• high

  Majority bondholder consents enabled amendments eliminating change-of-control put rights, substantially all restrictive covenants, and all default triggers except payment failures.

  Item 8.01 — Other Events verify on EDGAR →
• medium

  Tender offers expire June 29, 2026, but QXO expects to extend the deadline so settlement coincides with closing the TopBuild acquisition under the April 18, 2026 merger agreement.

  Item 8.01 — Other Events verify on EDGAR →