Company: QXO-PB
Filing Date: 2025-04-16
Form Type: 424B5
Source: 0001140361-25-014221
Chunk: 35

Company: QXO, Inc.
Filing Date: 2025-04-16
Form: 424B5
Chunk 35
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ovenants that impose significant operating and financial restrictions on us, including restrictions on our and our subsidiaries’ ability to, among other things:

| • | incur additional debt, guarantee indebtedness or issue certain preferred shares; |

| • | pay dividends on or make distributions in respect of, or repurchase or redeem, our capital stock or make other restricted payments; |

| • | prepay, redeem or repurchase certain debt; |

| • | make loans or certain investments; |

| • | sell certain assets; |

| • | create liens on certain assets; |

| • | consolidate, merge, sell or otherwise dispose of all or substantially all of our assets; |

| • | enter into certain transactions with our affiliates; |

| • | enter into agreements restricting our subsidiaries’ ability to pay dividends; and |

| • | designate our subsidiaries as unrestricted subsidiaries. |

As a result of these covenants, we are limited in the manner in which we conduct our business, and we may be unable to engage in favorable business activities or finance future operations or capital needs. A failure to comply with the covenants under the Credit Facilities, the indenture that will govern the Notes or any of our other existing or future indebtedness could result in an event of default, which, if not cured or waived, could have a material adverse effect on our business, financial condition and results of operations. In the event of an event of default under the Credit Facilities, it is expected that the lenders:

| • | will not be required to lend any additional amounts to us; |

| • | could elect to declare all borrowings outstanding, together with accrued and unpaid interest and fees, to be due and payable and terminate all commitments to extend further credit; |

| • | could require us to apply all of our available cash to repay these borrowings; or |

| • | could effectively prevent us from making debt service payments on the notes (due to a cash sweep feature). |

Such actions by the lenders could cause cross defaults under our other indebtedness, including the Notes. If we were unable to repay those amounts, the holders of the Notes, the lenders under the Credit Facilities and any of our other existing or future secured indebtedness could proceed against the collateral granted to them to secure the Notes, the Credit Facilities or such other indebtedness. We are expecting to pledge a significant portion of our assets as collateral under the Notes and the Credit Facilities. The terms and conditions of the Notes and the Credit Facilities have not been finalized. The indent