The 7.125% senior unsecured notes are due 2032

Davis Polk advised the representative of the initial purchasers in connection with the Rule 144A / Regulation S offering of $585 million aggregate principal amount of 7.125% senior unsecured notes due 2032 by XPO, Inc. XPO intends to use a portion of the net proceeds of the offering to finance, in part, its $870 million acquisition of 28 service centers from Yellow Corporation and its subsidiaries pursuant to a sale authorized by section 363 of the Bankruptcy Code.

Headquartered in Greenwich, Connecticut, XPO is one of the largest providers of asset-based less-than-truckload (LTL) transportation in North America, with proprietary technology that moves goods efficiently through its network. Including its business in Europe, XPO serves approximately 50,000 customers with 563 locations and 38,000 employees.

The Davis Polk capital markets team included partner Yasin Keshvargar and associate Christian Knoble. The finance team included partner Jason Kyrwood, counsel Darren Mahone and associate Pablo Solórzano. The tax team included partner Mario J. Verdolini and associate William Liang. The real estate team included counsel Lawrence R. Plotkin and associate Shlomo Fink. The environmental team included counsel David A. Zilberberg. All members of the Davis Polk team are based in the New York office.

Copy link to share post