Latest news with #BeaconRoofing
Wall Street Journal
22-04-2025
- Business
- Wall Street Journal
QXO Reopens Buyout Loan Market
The market for leveraged buyouts showed signs of recovery this morning as Goldman Sachs launched a $4.5 billion debt deal backing QXO's $11 billion purchase of Beacon Roofing, people familiar with the deal said. The financing is the first with a below investment-grade credit rating to come to market since the Trump administration announced global tariffs on April 2. The chilling affect on the LBO pipeline has hammered the stocks of private-equity giants like Apollo and Blackstone, which are already struggling to sell companies they own. QXO has a double-B-minus credit rating, higher than most private-equity portfolio companies but a strong investor response could open the door to lower-rated deals.
Bloomberg
28-01-2025
- Business
- Bloomberg
DBS Veteran Lee on Singapore's Task of Bringing in Listings
Hi, it's Elffie Chew in Singapore, where I've been chatting with the global head of investment banking at the country's biggest lender about what's in store for this Southeast Asian financial hub. Elsewhere, Beacon Roofing takes a poison pill. Today's top stories
