We are advising the lead arrangers and agent on the financing

Davis Polk is advising the joint lead arrangers and joint bookrunners in connection with a $3 billion senior secured term loan facility, a $1.5 billion senior unsecured bridge loan facility and a $1.5 billion senior unsecured bridge loan facility provided to a subsidiary of QXO, Inc. for its acquisition of TopBuild Corp.

Headquartered in Greenwich, Connecticut, QXO is the fastest-growing publicly traded distributor of building products in North America with a network of over 8,000 professionals. The company is targeting annual revenue of $50 billion in the coming decade through accretive acquisitions and organic growth.TopBuild Corp. is a leading installer and specialty distributor serving the construction industry across North America with more than 14,000 employees. With a network of over 200 branches throughout its installation services segment and more than 250 specialty distribution branches, TopBuild serves residential, commercial and industrial end markets.

The Davis Polk finance team includes partners Jason Kyrwood, Kenneth J. Steinberg, David Hahn and Sanders Witkow, counsel Benjamin Cheng, Demian von Poelnitz, Esam (Esamadeen) Ibrahim, Randall (Randy) Dorf and Roxanne Walton and associates Amanda Cheng and Madison Lazarek. Members of the Davis Polk team are based in the New York and Washington DC offices.

Copy link to share post