Davis Polk advised the initial purchaser in connection with a Rule 144A/Regulation S offering of $535 million aggregate principal amount of 6.125% senior notes due 2023 by XPO Logistics, Inc. (“XPO”).

XPO intends to use the proceeds, together with proceeds of an incremental term loan facility and cash on hand, to redeem and/or discharge or defease, in whole or in part, XPO’s 7.875% senior notes due 2019.

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. XPO operates from 1,440 locations in 34 countries with more than 88,000 employees.

The Davis Polk capital markets team included partner Michael Kaplan and associates Yasin Keshvargar and Donald Shum. The tax team included partner Rachel D. Kleinberg and associates Isaac MacDonald and Ariel David Siman. Members of the Davis Polk team are based in the New York and Northern California offices.

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