XPO Logistics to price $750 million five-year notes on Thursday

By Paul A. Harris

Portland, Ore., April 23 – XPO Logistics, Inc. plans to price a $750 million offering of five-year senior notes in a Thursday drive-by trailing a mid-morning conference call with investors, according to a syndicate source.

Goldman Sachs & Co. LLC is the left bookrunner. Credit Agricole CIB, Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are the joint bookrunners.

The Rule 144A and Regulation S for life notes become callable after two years at par plus 50% of coupon.

The Greenwich, Conn.-based transportation and logistics company plans to use the proceeds for general corporate purposes, as well as to repay debt under its revolver, to refinance its 6½% senior notes due 2022 and/or to repay other debt.

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