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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
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