QXO $6 Billion Debt Sale for TopBuild Deal Is Fully Underway (2)

Wall Street banks kicked off the second part of a $6 billion debt package to finance QXO Building Products Inc.’s purchase of rival TopBuild Corp.

The Greenwich, Connecticut-based building products firm has started marketing $3 billion of junk notes a day after launching a similarly sized loan offering, according to a statement. The bond sale consists of two tranches, each sized at $1.5 billion, with maturities of 2031 and 2034.

A call with investors is scheduled for 11 a.m. New York time on Tuesday, and the bond is slated to be sold as soon as Wednesday, according ...