secwatch.observer — SEC 8-K summary
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Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001104659-23-064277
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPO issues $1.28B in notes and $700M term loan to refinance $1.93B debt
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- Issued $830M of 6.250% senior secured notes due 2028 and $450M of 7.125% senior unsecured notes due 2031.
- Obtained $700M of new Term B-2 loans under existing credit facility, maturing May 24, 2028.
- Net proceeds used to repay $1.93B of existing Term B loans and pay fees and accrued interest.
- Amended credit agreement; released security interest on two real properties in California.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923064277/0001104659-23-064277-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923064277/tm2316602d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-064277

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