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XPO to redeem outstanding 6¼% notes due 2025 at 101.563
By William Gullotti
Buffalo, N.Y., Dec. 13 – XPO, Inc. issued a redemption notice on Dec. 5 to holders of the outstanding $112 million 6¼% notes due 2025 (Cusips: 983793AH3, U9840VAH6), according to an 8-K filing with the Securities and Exchange Commission on Wednesday.
The outstanding notes will be redeemed at 101.563 on Dec. 20, following transactions connected to its acquisition of Yellow Corp. that included a $400 million term loan B and sale of $585 million 7 1/8% notes due 2032.
XPO Logistics, Inc. issued $1.15 billion of the notes in two parts in 2020.
XPO is a Greenwich, Conn.-based provider of freight transportation services.
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