❌

Reading view

QXO Gets Better Terms on Buyout Debt After Strong Demand

QXO Building Products Inc. saw terms improve on a $6 billion financing package to fund its purchase of rival TopBuild Corp., which attracted more than three times the amount of demand from investors.

A residential building under construction in Montreal, Quebec, Canada, on Wednesday, May 31, 2023. Canada's population is swelling, more than a million newcomers arrived last year, bringing attention once again to a shortage of housing stock and prompting some buyers to make aggressive bids. Photographer: Graham Hughes/Bloomberg
  •  

FS KKR Is Selling $400 Million Bonds in Rare Junk-Rated BDC Deal

A private credit fund jointly managed by Future Standard and KKR & Co. is looking to sell at least $400 million of junk bonds, according to people familiar with the matter, in a rare high-yield offering by a publicly traded credit fund.

The KKR & Co. logo on a smartphone arranged in the Brooklyn borough of New York, US, on Wednesday, July 12, 2023. KKR & Co. is exploring options for its majority stake in a commercial lighting manufacturer in China including a potential sale, according to people familiar with the matter. Photographer: Gabby Jones/Bloomberg
  •  

CoreWeave-Tied Data Center Raises $900 Million in Junk-Bond Sale

A data center tied to CoreWeave Inc. raised $900 million from a high-yield note offering, joining a wave of junk issuers tapping debt markets to fund artificial intelligence infrastructure.

CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. After a heavily scaled down initial public offering, CoreWeave Inc. is in discussions to raise about $1.5 billion in debt, according to a person with knowledge of the matter. Photographer: Yuki Iwamura/Bloomberg
  •  
❌