QXO Announces $1.2 Billion Convertible Preferred Equity Investment Led by Apollo to Fund Future Acquisitions
QXO, Inc. (QXO)
Company Research
Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (the “Company” or “QXO”) today announced that funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”) and certain other investors have agreed to invest $1.2 billion in QXO through a new series of convertible perpetual preferred stock. The investment further strengthens QXO’s financial flexibility in pursuing acquisition opportunities.Under the investment agreement, the investors have committed to purchase the new convertible preferred stock to fund one or more qualifying acquisitions through July 15, 2026. This commitment will be extended up to an additional 12 months if a definitive acquisition agreement is executed before the initial commitment period expires. Any issuance of the new convertible preferred stock will close at or around the time of the closing of the qualifying acquisition(s).The new convertible preferred stock is perpetual, will pay a preferred dividend rate of 4.75% per annum,
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QXO
News
- QXO (NYSE:QXO) had its "buy" rating reaffirmed by analysts at Benchmark Co..MarketBeat
- QXO (NYSE:QXO) had its "outperform" rating reaffirmed by analysts at Oppenheimer Holdings, Inc..MarketBeat
- QXO Announces Pricing of Common Stock OfferingBusiness Wire
- QXO Announces Common Stock OfferingBusiness Wire
- QXO Announces Fourth Quarter Summarized Preliminary Financial InformationBusiness Wire
QXO
Earnings
- 11/6/25 - In-Line
QXO
Sec Filings
- 1/16/26 - Form 424B5
- 1/16/26 - Form 424B5
- 1/15/26 - Form 8-K
- QXO's page on the SEC website