Pitchbook8d agoneutral
QXO secures $6B financing commitment for $17B TopBuild acquisitionMorgan Stanley, Wells Fargo and Barclays have committed to provide $6 billion of debt financing split between $3 billion each of a senior secured term loan facility and a bridge facility to support QXO’s acquisition of TopBuild Corp. in a cash-and-stock deal valued at approximately $17 billion. Under the terms of the deal, TopBuild stockholders can elect to receive $505 per share in cash or 20.2 shares of QXO common stock for each TopBuild share held, with total consideration split at roughly 45