Davis Polk advised the underwriters on concurrent SEC-registered offerings of 5,000,000 shares of common stock of Echo Global Logistics, Inc. (Echo) at a price of $29.00 per share for a total proceeds of $145 million and $200 million aggregate principal amount of Echo’s 2.50% convertible senior notes due 2020. Echo expects to use the proceeds from the offerings, together with borrowings under a new $300 million asset-based lending facility, to fund its acquisition of Command Transportation, LLC, one of the largest privately held truck-load brokers and non-asset based transportation providers in the United States.  

Headquartered in Chicago, Echo is a leading provider of technology-enabled transportation and supply chain management services. Echo maintains a proprietary web-based technology platform that compiles and analyzes data from its network of over 30,000 transportation providers to serve its clients’ transportation and supply chain management needs.   

The Davis Polk corporate team included partner Michael Kaplan and associates Felipe Duque and Can Sun. The equity derivatives team included partner Ray Ibrahim and associate Barry J. Gewolb. The credit team included partner Jason Kyrwood and associates Darren Mahone and Daniel J. Amato. Partner Rachel D. Kleinberg and associate Ameya V. Bapat provided tax advice. All members of the Davis Polk team are based in the New York office.  

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