Company: QXO-PB
Filing Date: 2025-04-18
Form Type: 424B5
Source: 0001140361-25-014598
Chunk: 34

Company: QXO, Inc.
Filing Date: 2025-04-18
Form: 424B5
Chunk 34
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 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 indenture relating to the Notes and the credit agreement relating to the Credit Facilities have not been finalized. Our issuance of the Notes and entry into the Credit Facilities is subject to market conditions, and we cannot assure you that the Notes will be issued, or the Credit Facilities will be completed, in the manner, on the terms or on the timetable described herein, or at all. Future changes in market conditions may result in less favorable terms for the Notes and/or Credit Facilities and any changes to the terms of the Notes or Credit

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**Facilities may increase our interest expense and adversely affect our business. The terms of the Notes and the Credit Facilities could also change in a way that increases our indebtedness or makes it easier to incur debt in the future.

Changes in our credit rating could increase our interest expense and restrict our access to, and negatively impact the terms of, current or future financ