GREENWICH, Conn.–(BUSINESS WIRE)–QXO, Inc. (NYSE: QXO) today announced that it has entered into purchase agreements with certain institutional investors for an $830 million private placement financing. The closing of the Private Placement is contingent upon the concurrent consummation of the Company’s outstanding all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (Nasdaq: BECN).
In the Private Placement, QXO will sell approximately 67.5 million shares of its common stock at $12.30 per share. Both existing and new investors participated in the transaction.
