secwatch.observer — SEC 8-K summary
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Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001104659-23-011263
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923011263/0001104659-23-011263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923011263/tm235485d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-011263

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer