Davis Polk advised the sole lead arranger, sole bookrunner and administrative agent in connection with a committed bridge loan facility for XPO Logistics, Inc., which will be used for XPO’s $3 billion acquisition of Con-way Inc.

XPO, based in Greenwich, Connecticut, is a leading asset-light provider of transportation logistics services. XPO facilitates supply chain solutions between shippers and carriers who outsource their transportation logistics to XPO as a third-party provider. Con-way provides a full range of transportation and supply chain management services, with operations on five continents generating more than $5.8 billion in sales from customers in manufacturing, industrial and retail industries.

The Davis Polk finance team included partner Jason Kyrwood and associate Darren Mahone. The capital markets team includes partner Michael Kaplan and associates Yasin Keshvargar, Denny Won and Courtney Collins. Partner William L. Taylor provided mergers and acquisitions advice. All members of the Davis Polk team are based in the New York office.

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