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Worthington Steel Raises $1.4 Billion for KlΓΆeckner Takeover

28 May 2026 at 21:16
Worthington Steel Inc. raised $1.4 billion in the leveraged-finance market Thursday to help fund its acquisition of German metals company KlΓΆeckner & Co SE.

The Worthington Steel logo is arranged on a smartphone screen in Canada on Dec. 17, 2025. Photographer: Thomas Fuller/SOPA Images/LightRocket/Getty Images

QXO Gets Better Terms on Buyout Debt After Strong Demand

2 June 2026 at 20:55
QXO Building Products Inc. saw terms improve on a $6 billion financing package to fund its purchase of rival TopBuild Corp., which attracted more than three times the amount of demand from investors.

A residential building under construction in Montreal, Quebec, Canada, on Wednesday, May 31, 2023. Canada's population is swelling, more than a million newcomers arrived last year, bringing attention once again to a shortage of housing stock and prompting some buyers to make aggressive bids. Photographer: Graham Hughes/Bloomberg
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