XPO Logistics redeems $400 million 6½% notes due 2022 in July

By Wendy Van Sickle

Columbus, Ohio, Aug. 3 – XPO Logistics, Inc. redeemed $400 million of its $1.6 billion of outstanding 6½% notes due 2022 in July, according to a 10-Q filing with the Securities and Exchange Commission.

The redemption price was 103.25 plus accrued interest to the redemption date.

The redemption was mainly funded by proceeds of forward sale agreements under which the company agreed to sell a total of 6 million shares of common stock. Those agreements settled in July.

XPO is a Greenwich, Conn.-based provider of supply chain solutions.

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