QXO entered into an Incremental Assumption and Amendment Agreement No. 2 to secure a $3.0 billion senior secured incremental term loan facility to finance the TopBuild acquisition and related costs. The facility matures on July 1, 2033, carries interest at Term SOFR or a base rate plus an applicable margin, and includes 1% annual amortization. Voluntary prepayments are permitted without penalty, except for a 1% fee on repricing events within six months of closing.
Agreement details:
- Agreement type: Senior secured incremental term loan facility
- Counterparty: Goldman Sachs Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Duration / Termination: 7 years, matures Jul 01 2033
- Reason: Fund TopBuild acquisition and fees
Original SEC Filing:
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