Paul, Weiss advised QXO, Inc. on its all-cash acquisition of Beacon Roofing Supply at $124.35 per share, valuing Beacon at about $11bn and making QXO the largest publicly traded U.S. distributor of roofing/waterproofing and related building products.
Paul, Weiss also advised on the acquisition financing: a $2.25bn private offering of 6.75% senior secured notes due 2032, a $2.25bn senior secured term loan, and a $2.0bn asset-based revolver.
The deal was handled by a multi-practice Paul, Weiss team spanning corporate, executive comp, tax, IP, litigation, real estate, antitrust and environmental.
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Simpson Thacher is advising Beacon Roofing Supply on its agreed all-cash acquisition by QXO, Inc. at $124.35 per share, valuing Beacon at about $11bn (including outstanding debt).
The transaction is subject to a majority of Beacon shares being tendered in the offer and other customary closing conditions.
Beacon is a leading distributor of roofing, waterproofing and exterior products, operating nearly 600 branches across the U.S. and Canada.
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QXO acquires Beacon Roofing Supply | The Sponsor - The Sponsor
