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An announcement from XPO ( (XPO) ) is now available.
On February 26, 2025, XPO, Inc. announced a refinancing amendment to its Senior Secured Term Loan Credit Agreement, originally dated October 30, 2015. This amendment includes a new term loan B facility totaling $1.1 billion, split into two parts: $700 million and $400 million, with maturities in 2028 and 2031, respectively. The proceeds will refinance existing loans, and the facilities are secured by the company’s assets. Additionally, XPO entered a new Revolving Credit Agreement with a $600 million facility, replacing its former ABL credit facility. This agreement allows for borrowing in U.S. and Canadian dollars, with the funds intended for working capital and general corporate purposes. The new agreements aim to strengthen XPO’s financial flexibility and operational capacity.
More about XPO
XPO, Inc. operates in the logistics and transportation industry, providing services such as freight brokerage and supply chain solutions. The company focuses on optimizing supply chain efficiency and offering comprehensive logistics services to a diverse range of industries.
YTD Price Performance: -7.85%
Average Trading Volume: 1,617,148
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.32B
For a thorough assessment of XPO stock, go to TipRanks’ Stock Analysis page.