XPO Logistics, Inc. €2.4 Billion Senior Unsecured Bridge Loan Facility for Acquisition of Norbert Dentressangle S.A.
Davis Polk is advising the sole lead arranger, sole bookrunner and administrative agent in connection with a €2.4 billion senior unsecured bridge facility for XPO Logistics, Inc. (XPO). The financing is being provided on a “funds certain” basis to support XPO’s proposed acquisition of Norbert Dentressangle.
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. Norbert Dentressangle is a major European transport, logistics and freight forwarding company, operating in 12 countries in Europe.
The Davis Polk finance team includes partners Jason Kyrwood and James A. Florack and associates Darren Mahone, Russ McCracken, A. Nicholas Doran and Skawenniio Barnes. The capital markets team includes partner Michael Kaplan and associate Yasin Keshvargar. Partner Jacques Naquet-Radiguet and associate Juliette Loget are advising on matters of French law. Members of the Davis Polk team are based in the New York and Paris offices.