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QXO Upsizes Convertible Preferred Equity Placement to $3 Billion
Businesswire· 2026-01-12 11:00
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (the "Company†or "QXO†) today announced a $1.8 billion increase to its previously announced $1.2 billion financing led by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) ("Apollo†), bringing the total investment in QXO to $3 billion. Apollo, Temasek, and certain other investors have agreed to make the investment through the previously disclosed series of convertible perpetual preferred stock (the "Series C Prefe. ...