Heavy Investor Demand for QXO Junk Bonds Fuels $17 Billion TopBuild Acquisition Financing
QXO Building Products Inc.'s high-yield bond and loan offerings, part of a $6 billion financing package to acquire TopBuild Corp., attracted strong investor appetite. The $3 billion junk-bond piece saw more than three times the orders relative to supply and the loan portion was fully subscribed, with bond and loan expected to price on Wednesday.