QXO Raises $3 Billion in Private Placement Led by Apollo and Temasek

Reuters01-12
QXO Raises $3 Billion in Private Placement Led by Apollo and Temasek

QXO Inc. has announced an upsized private placement, increasing its previously disclosed financing from $1.2 billion to $3 billion. The investment, led by Apollo Global Management and Temasek, involves the sale of convertible perpetual preferred stock in a transaction not involving a public offering. The securities have not been registered under the Securities Act of 1933 and may not be resold in the United States without registration or an applicable exemption. The capital infusion is intended to enhance QXO’s financial flexibility to fund future acquisitions.

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