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Stock impact report

XPO Logistics Announces Pricing of Private Offering of $850 Million of Senior Notes

XPO Logistics, Inc. (XPO) 
Last xpo logistics, inc. earnings: 2/10 04:15 pm Check Earnings Report
US:NYSE Investor Relations: xpo.com/investors
Company Research Source: GlobeNewswire
GREENWICH, Conn., April 23, 2020 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (“XPO” or the “Company”) (NYSE: XPO) today announced the pricing of its previously announced issuance of $850 million of senior notes due 2025 (the “notes”).  This represents an upsize of $100 million from the amount previously disclosed.  The closing of the private placement of the notes is expected to occur on April 28, 2020, subject to customary closing conditions. The notes will bear interest at a rate of 6.250% payable semiannually, in cash in arrears on May 1 and November 1 of each year, commencing November 1, 2020 and maturing on May 1, 2025. The Company intends to use the net proceeds from the issuance of the notes for general corporate purposes, which may include the repayment of amounts outstanding under our existing revolving credit facility, the repayment and/or redemption of our 6.50% Senior Notes due 2022 and/or the repayment of other existing indebtedness. The notes will be guarante Show less Read more
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