XPO Logistics $2.16 billion 6.5% and 5.75% high yield offerings

5/6/2015

Acquisition finance, High-yield bond/note issue

Value:

$ 2.16 billion

Status:

Completed

Date:

5/6/2015

Overview:

XPO Logistics has made a $2.16 billion high yield offering.
The offering consisted of $1.6 billion 6.5% notes and €500 million 5.75% notes.
The euro-denominated notes were a Rule 144A/Regulation S offering.
The proceeds will be used to help fund XPO's acquisition of French transport company Norbert Dentressangle.
XPO was represented by in-house counsel.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal types:

Acquisition finance
High-yield bond/note issue

Practice area:

Capital markets : High yield

Governing law:

United States

Industry sector:

Transport

Firm:

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