QXO, Inc. (QXO) Raises $830 Million in Private Placement

QXO, Inc. (NYSE: QXO) (the “Company” or “QXO”) today announced that it has entered into purchase agreements with certain institutional investors for an $830 million private placement financing (the “Private Placement”). 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.

The offer and sale of the foregoing securities are being made in a transaction not involving a public offering and the securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements. The Company has agreed to use commercially reasonable efforts to file a prospectus supplement with the SEC to register the resale of the common stock sold in the Private Placement promptly after closing.

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