We advised the lead arrangers and administrative agent on the financing

Davis Polk advised joint lead arrangers, joint bookrunners and administrative agent in connection with a $3 billion senior secured term loan facility provided to a subsidiary of QXO, Inc. in connection with 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 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 included partner David Hahn and associate Amanda Cheng. All members of the Davis Polk team are based in the New York office.

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