Davis Polk advised the global coordinators in connection with a Rule 144A/Regulation S offering of $1.6 billion aggregate principal amount of 6.50% senior notes due 2022 by XPO Logistics, Inc. (XPO). 

Davis Polk also advised the global coordinators in connection with a Rule 144A/Regulation S offering of €500 million aggregate principal amount of 5.75% senior notes due 2021 by XPO.   

XPO intends to use the net proceeds from the offering to fund a portion of the cash consideration payable in connection with the previously announced acquisition of Norbert Dentressangle SA (Norbert).  

XPO, based in Greenwich, Connecticut, is a leading asset-light provider of third-party logistics services. XPO facilitates supply chain solutions between shippers and carriers who outsource their transportation logistics to XPO as a third-party provider. Combined with Norbert, XPO will operate from 863 locations in 27 countries with more than 52,000 employees.  

The Davis Polk capital markets team included partner Michael Kaplan and associates Yasin Keshvargar, Denny Won and Can Sun. The tax team included partner Rachel D. Kleinberg and associate Isaac MacDonald. Members of the Davis Polk team are based in the New York and Menlo Park offices.    

 

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