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XPO Logistics unit gets tenders for $159.2 million 7¼% notes due 2018
By Susanna Moon
Chicago, Dec. 23 – XPO Logistics, Inc. announced the results of the tender offer for 7¼% senior notes due 2018 issued by wholly owned subsidiary XPO CNW, Inc., formerly Con-way Inc.
As of 5 p.m. ET on Dec. 18, investors had tendered about $159.2 million of the notes, according to an 8-K filing with the Securities and Exchange Commission.
XPO accepted all of the tendered notes for purchase at a purchase price of $1,010 per $1,000 principal amount plus accrued interest.
The tender offer began Nov. 18. No other details of the offer were included in the filing.
XPO is a Greenwich, Conn.-based provider of supply chain solutions.
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