Morgan Stanley, Goldman lead $4 billion junk-debt sale for QXO’s Beacon takeover - Bloomberg

Published 21/04/2025, 17:10
© Reuters.

Investing.com -- A consortium of banks, spearheaded by Morgan Stanley (NYSE:MS) and Goldman Sachs Group Inc (NYSE:GS)., has initiated a $4 billion junk-debt sale, according to Bloomberg. This move is aimed at facilitating the acquisition of Beacon Roofing Supply (NASDAQ:BECN) Inc. by QXO Inc.

A lender call regarding a $2 billion leveraged-loan offer is scheduled for 11am New York time on Monday, as per Bloomberg, citing an individual familiar with the situation. In addition, an investor call for a seven-year junk-bond sale of equal value is set to occur at 1pm, as per another informed individual, with the pricing expected to be revealed later this week.

Morgan Stanley is at the forefront of the bond offering, while Goldman Sachs is leading the loan deal, according to the sources.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.