XPO Logistics to repay 7 7/8% notes due 2019 via new notes, loans

By Susanna Moon

Chicago, Aug. 11 – XPO Logistics, Inc. plans to redeem, discharge or defease some or all of its 7 7/8% senior notes due 2019 using proceeds of new notes and bank loans.

XPO plans to price $535 million of senior notes due 2023 under Rule 144A and Regulation S and to enter into a $400 million incremental term loan facility, according to a company announcement.

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

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