QXO, Inc. announced early tender results for its subsidiary's tender offers and consent solicitations regarding TopBuild Corp. senior notes. The company's subsidiary, Titanium MergerCo, Inc., offered to purchase $497,723,000 of 4.125% Senior Notes due 2032 (99.54% of outstanding) and $747,893,000 of 5.625% Senior Notes due 2034 (99.72% of outstanding) at $1,011.25 per $1,000 of principal. Consents obtained for a majority of the notes, a supplemental indenture was executed to eliminate the following: Change of Control Offer requirements, restrictive covenants, and most events of default. QXO, Inc. is a building product distribution and strategic transaction company.
