---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-011263"
form_type: "8-K"
ticker: "XPO"
cik: "0001166003"
company_name: "XPO, Inc."
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-19T23:50:45.866318+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# XPO amends ABL credit facility: extends maturity to 2026, shifts to SOFR

## Summary
- Maturity extended to April 30, 2026; springing maturity if >$250M term debt remains 91 days prior.
- Benchmark rates replaced LIBOR with SOFR plus 0.10% credit spread adjustment.
- Letter of credit sublimit reduced to $200M; Canadian dollar borrowing sublimit to $50M.
- Aggregate lender commitment unchanged at $600M.
- Real property excluded from collateral; mortgages on two California properties released.

## SEC filing metadata
- accession: 0001104659-23-011263
- form_type: 8-K
- ticker: XPO
- cik: 0001166003
- company_name: XPO, Inc.
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166003/000110465923011263/0001104659-23-011263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166003/000110465923011263/tm235485d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-011263
- JSON: https://secwatch.observer/filing/0001104659-23-011263.json
- Plain text: https://secwatch.observer/filing/0001104659-23-011263.txt

## Key facts
- Debt Financings
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166003/000110465923011263/0001104659-23-011263-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166003/000110465923011263/0001104659-23-011263-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.