Company: QXO-PB
Filing Date: 2025-04-18
Form Type: 424B5
Source: 0001140361-25-014566
Chunk: 14

Company: QXO, Inc.
Filing Date: 2025-04-18
Form: 424B5
Chunk 14
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 Material Adverse Effect (as defined in the Merger Agreement).

Following consummation of the Tender Offer and, subject to the satisfaction or waiver of certain customary conditions set forth in the Merger Agreement, Merger Sub will be merged with and into Beacon, with Beacon surviving as a wholly owned subsidiary of QXO. We have obtained all necessary regulatory approvals for the Acquisition.

The Merger Agreement contains customary representations, warranties and covenants of Beacon, QXO and Merger Sub. The Merger Agreement contains certain customary termination rights in favor of each of Beacon and QXO.

The foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by the full text of the agreement, which is filed as Exhibit 2.1 to our Current Report on Form 8-K filed with the SEC on March 20, 2025.

There can be no assurance that the Acquisition will occur on or before a certain time, on the terms described in this prospectus supplement, or at all. See “Risk Factors—Risks Related to the Pending Acquisition of Beacon—The Acquisition may not be completed within the expected timeframe, or at all, and the failure to complete the Acquisition could impact our stock price and our future business and financial results.”

#### Debt Financings
We intend to obtain or otherwise incur approximately $4.9 billion of secured indebtedness to finance a portion of the consideration for the Acquisition, to refinance certain indebtedness in connection with the Acquisition and to pay fees and expenses related to the Transactions (the “Debt Financings”). Assuming this offering is completed, we currently expect that the Debt Financings will include: (i) a $3.0 billion term loan facility (the “Term Facility”), (ii) $1.5 billion of senior secured notes (the “Notes”) and (iii) a $1.75 billion asset-based revolving credit facility (the “ABL Facility” and, together with the Term Facility, the “Credit Facilities”), under which we expect to draw $400.0 million to consummate the Acquisition.

In connection with commencing the Tender Offer, on January 13, 2025, we entered into commitment letters with Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc., Citigroup Global Markets Inc., Crédit Agricole Corporate and Investment Bank, Wells Fargo Bank, National Association, Wells Fargo Securities, LLC and Mizuho Bank, Ltd. (collectively, the “Commitment Parties”),