QXO Inc ( QXO ) said on Wednesday that its wholly owned subsidiary, QXO Building Products, priced a $3B senior notes offering, raising funds through two tranches of debt maturing in 2031 and 2034. The offering is expected to close on June 17. If the notes are issued before the completion of the TopBuild acquisition, the proceeds will be held in escrow and secured by the escrowed funds until the tr...
QXO Inc ( QXO ) said on Wednesday that its wholly owned subsidiary, QXO Building Products, priced a $3B senior notes offering, raising funds through two tranches of debt maturing in 2031 and 2034. The offering is expected to close on June 17. If the notes are issued before the completion of the TopBuild acquisition, the proceeds will be held in escrow and secured by the escrowed funds until the transaction closes. The consummation of the TopBuild acquisition is subject to customary closing conditions, including approval by the shareholders of TopBuild and QXO, the company added . The issuer plans to use the proceeds from the notes offering, together with borrowings under new term loan facilities, proceeds from QXO’s Series C Convertible Perpetual Preferred Stock, and available cash from QXO and TopBuild, to finance the acquisition of TopBuild ( BLD ), repay or refinance TopBuild’s existing debt, and cover related transaction fees and expenses. More on QXO, TopBuild QXO: A Fiery Horse With The Speed Of Light QXO And TopBuild Tie The Knot But Don't Earn The Upgrade QXO, Inc.: The TopBuild Acquisition Puts The Thesis Into Overdrive These 10 large-cap U.S. Industrial stocks trading at attractive valuations Berkshire's homebuilder bet shines light on sector's highest- and lowest-rated stocks
NVIDIA Corp. used Computex to expand its push into AI PCs and data-center infrastructure, raising the competitive stakes for Intel Corp., Advanced Micro Devices Inc., Arm Holdings Plc, Qualcomm Inc., Apple Inc., and the broader semiconductor supply chain. NVIDIA Targets...
NVIDIA Corp. used Computex to expand its push into AI PCs and data-center infrastructure, raising the competitive stakes for Intel Corp., Advanced Micro Devices Inc., Arm Holdings Plc, Qualcomm Inc., Apple Inc., and the broader semiconductor supply chain. NVIDIA Targets...
UBS Warns El Nino May Intensify Food Inflation Across Asia By now, readers have a clear understanding that the Gulf-driven energy shock is on course to collide with a potential super El Niño weather event , creating what could be a dangerous second-order shock to food supply chains around the world. The concern is that extreme heat and disrupted rainfall patterns could hit top agricultural growing...
UBS Warns El Nino May Intensify Food Inflation Across Asia By now, readers have a clear understanding that the Gulf-driven energy shock is on course to collide with a potential super El Niño weather event , creating what could be a dangerous second-order shock to food supply chains around the world. The concern is that extreme heat and disrupted rainfall patterns could hit top agricultural growing belts, dent harvest output, and amplify existing supply stress. Even before those weather-driven impacts fully materialize, global food prices are already rising, suggesting that fertilizer and elevated diesel prices are beginning to be transmitted through the broader food supply chain. Our Tuesday note on Thailand white rice , a regional Asian benchmark, surging 20% in May , the largest monthly increase in data going back to 2008, is another warning signal that the price action in the grain feeding half the world has entered a new upward impulse. The troubling move in rice prices, including a 15% surge in Chicago rice futures last month, indicates that food-inflation pressures are already materializing. The concern is that these pressures could materially worsen once El Niño-driven weather disruptions begin affecting key growing regions. UBS analysts led by Leigha Miyata published a note titled "Food Inflation & El Niño Evidence Check," confirming what we have been tracking for months: the Middle East-driven fertilizer shock is now moving through the global food supply chain just as El Niño risks rise, creating the potential for an inflation surge across Asia later this year into 2027. Miyata noted that El Niño odds currently stand around 82% for May to June and 96% for December into early 2027, raising the risk of hotter, drier conditions across South and Southeast Asia that could pressure harvests. Via Miyata ... El Niño likelihood raised to 82%; expect Asia to be hotter and have less rain: The El Niño is likely to emerge soon (82% chance in May-July 2026) and continue ...
Hong Kong police are searching for a 76-year-old man who went missing in Ma On Shan on Wednesday. Liu Yim-kwan left his home at Yan On Estate on Hang Chi Street in the early hours of Wednesday and failed to return, police said on Thursday. Liu is about 1.7 metres (5 feet, 9 inches) tall with a lean build and short black hair. He was last seen wearing a black jacket, black trousers and white traine...
Hong Kong police are searching for a 76-year-old man who went missing in Ma On Shan on Wednesday. Liu Yim-kwan left his home at Yan On Estate on Hang Chi Street in the early hours of Wednesday and failed to return, police said on Thursday. Liu is about 1.7 metres (5 feet, 9 inches) tall with a lean build and short black hair. He was last seen wearing a black jacket, black trousers and white trainers. His family reported him missing on Wednesday. The force appealed to anyone with information on...