Investor Commitment Lifts QXOs Total Financing To 3 Billion
QXO has secured 1.8 billion in new capital. This expands its earlier 1.2 billion financing. The new commitment lifts total investment in the company to 3 billion. Funds managed by Apollo led the round. Temasek and other partners joined the investment.
The money will support QXOs strategy to pursue acquisition opportunities. It will also strengthen its financial flexibility. QXO plans to use the capital to target qualifying deals through a structured agreement that runs until July 2026.
The funding comes through a series of convertible perpetual preferred shares. These will be issued only after a qualifying acquisition closes. Investors will buy the shares at the point of each deal.
