secwatch.observer — SEC 8-K summary
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Issuer:     GXO Logistics, Inc. (GXO)
CIK:        0001852244
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001104659-23-031168
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GXO Logistics amends credit agreement to replace LIBOR with SOFR rates
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- Amendment replaces LIBOR-based benchmark rates with SOFR-based rates in $800M revolving credit facility.
- No change to total commitment amount, maturity, or pricing; purely a benchmark transition.
- Amendment executed March 9, 2023, with all lenders and Citibank as administrative agent.
- Existing LIBOR-based loans continue until current interest period ends, then convert to SOFR or base rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852244/000110465923031168/0001104659-23-031168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852244/000110465923031168/tm238603d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-031168

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