Apollo-led QXO financing gets $1.8B boost to $3B total

QXO, a distribution firm, has increased its previously announced $1.2 billion financing led by Apollo Global Management by $1.8 billion, bringing the total investment to $3 billion. The financing is led by funds managed by Apollo, with Temasek and other investors also participating. This significant increase in funding highlights the growing interest in QXO and its potential for growth in the distribution industry.