Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
XPO, Inc. amended credit facility of $600 million with Morgan Stanley Senior Funding, Inc., as agent at SOFR plus 0.10% credit spread adjustment plus applicable margin of 1.25% to 1.50 maturing April 30, 2026.
- Instrument
- credit facility
- Principal
- $600 million
- Counterparty
- Morgan Stanley Senior Funding, Inc., as agent
- Rate
- SOFR plus 0.10% credit spread adjustment plus applicable margin of 1.25% to 1.50
- Maturity
- April 30, 2026
- Event
- amendment
Exact text from the filing
(vi) make certain other changes to the covenants and other provisions therein. The aggregate commitment of all lenders under the Amended ABL Credit Agreement remains equal to $600 million. Loans under the Amended ABL Credit Agreement will bear interest at a rate equal to a secured overnight financing rate plus a credit spread adjustment of 0.10% or base rate, in
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
XPO, Inc. amended Amendment No. 7 to Second Amended and Restated Revolving Loan Credit Agreement with Morgan Stanley Senior Funding, Inc., as agent and the lenders party thereto valued at Amendment to extend maturity date to April 30, 2026, replace LIBOR with SOFR, reduce LC sublimit to (effective 2023-02-06).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc., as agent and the lenders party thereto
- Value
- Amendment to extend maturity date to April 30, 2026, replace LIBOR with SOFR, reduce LC sublimit to
- Effective
- 2023-02-06
Exact text from the filing
On February 6, 2023, XPO, Inc. (the “ Company ”) entered into Amendment No. 7 to Second Amended and Restated Revolving Loan Credit Agreement (the “ Amendment ”), by and among the Company, certain subsidiaries signatory thereto, the lenders party thereto, Morgan Stanley Senior Funding, Inc., as agent (the “ Agent ”) and other parties from time to time party thereto, amending that certain Second Amended and Restated Revolving Loan Credit Agreement, dated as of October 30, 2015 (as previously amended, amended and restated, supplemented or otherwise modified, the “ Existing ABL Credit Agreement ” and, as amended by the Amendment, the “ Amended ABL Credit Agreement ”), by and among the Company, certain subsidiaries signatory thereto, the lenders party thereto, the Agent and other parties from time to time party thereto. The Amendment amends the Existing ABL Credit Agreement to, among other things: (i) extend the maturity date to April 30, 2026 (subject, in certain circumstances, to a spring
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