QXO (QXO) said Monday its Queen MergerCo unit plans to offer $2 billion in senior secured notes due 2032.
The subsidiary anticipates using the proceeds, including borrowings under new senior secured credit facilities, proceeds from the company's previously announced equity offerings, and available balance sheet cash, to finance QXO's proposed takeover of Beacon Roofing Supply (BECN), QXO added.
Upon acquisition, Queen MergerCo will be integrated with and into Beacon Roofing, QXO said.
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