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QXO Announces Offering of Senior Secured Notes by Queen MergerCo, Inc.

1. QXO plans to offer $2 billion in Senior Secured Notes for acquisition. 2. The Notes are linked to QXO's merger with Beacon Roofing Supply.

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Why Bullish?

The issuance of Senior Secured Notes indicates confidence in funding for acquisition, potentially enhancing QXO's market position. Historical precedents show similar mergers typically result in stock appreciation post-deal completion.

How important is it?

This news significantly impacts QXO’s capital structure and future profitability as the funds are linked to a major strategic acquisition.

Why Long Term?

Successful mergers generally lead to improved operational efficiencies and market share, which can benefit QXO in the long run. Past mergers in the roofing supply sector have shown value increases over years.

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BECNSPFCMSD
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (“QXO” or the “Company”) announced today that its wholly owned subsidiary, Queen MergerCo, Inc. (“Merger Sub”), intends to offer $2 billion in Senior Secured Notes due 2032 (the “Notes”), subject to market and other conditions. Merger Sub was formed in connection with QXO's previously announced acquisition of Beacon Roofing Supply, Inc. (“Beacon”) under the Agreement and Plan of Merger dated March 20, 2025 (the “Merger Agreement”). Merger.

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