Company: QXO-PB
Filing Date: 2025-04-16
Form Type: 424B5
Source: 0001140361-25-014221
Chunk: 32

Company: QXO, Inc.
Filing Date: 2025-04-16
Form: 424B5
Chunk 32
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 senior secured indebtedness, consisting of the Term Facility, the Notes and borrowings under our ABL Facility, and to have approximately $1.35 billion available for additional borrowing under our ABL Facility (excluding approximately $17.0 million in letters of credit expected to be outstanding thereunder). Our high level of debt could have important consequences, including:

| • | making it more difficult for us to satisfy our obligations with respect to our debt and any failure to comply with the obligations of any of our debt instruments, including restrictive covenants and borrowing conditions, could result in an event of default under the agreements governing other indebtedness; |

| • | requiring us to dedicate a substantial portion of our cash flow from operations to the payment of interest and the repayment of our indebtedness, thereby reducing funds available to us for other purposes; |

| • | limiting our ability to obtain additional financing to fund future working capital, capital expenditures, business development or other general corporate requirements, including dividends, if and when declared by our board of directors; |

| • | increasing our vulnerability to general adverse economic and industry conditions; |

| • | making us more highly leveraged than some of our competitors, which may place us at a competitive disadvantage; |

| • | restricting us from making strategic acquisitions, engaging in development activities or exploiting business opportunities; |

| • | causing us to make non-strategic divestitures; |

| • | exposing us to the risk of increased interest rates as certain of our borrowings are and may in the future be at variable rates of interest; |

| • | limiting our flexibility in planning for and reacting to changes in our industry; |

| • | impacting our effective tax rate; and |

| • | increasing our cost of borrowing. |

In addition, the credit agreement expected to govern the Credit Facilities and the indenture expected to govern the Notes are expected to contain restrictive covenants that will limit our ability to engage in activities

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**that may be in our long-term best interest. Our failure to comply with those covenants could result in an event of default which, if not cured or waived, could result in the acceleration of substantially all of our indebtedness.

The unaudited pro forma combined financial information included and incorporated by reference in this prospectus supplement includes preliminary assumptions regarding the borrowings expected to be incurred to finance the Acquisition, including assumptions regarding principal amounts and interest rates. As a result, actual amounts of the borrowings, the form of borrow