---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-123456"
form_type: "8-K"
ticker: "XPO"
cik: "0001166003"
company_name: "XPO, Inc."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T17:44:38.477724+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# XPO wins $870M auction for 28 Yellow service centers; plans $585M notes, $400M term loan

## Summary
- Acquired 28 service centers from Yellow for $870M; expected accretive to adj. EBITDA in 2024, dilutive to adj. EPS then accretive from 2025.
- Entered $870M bridge credit agreement to finance acquisition; unfunded, matures 364 days after draw.
- Plans $585M senior unsecured notes due 2032 and $400M incremental term loans due 2031 to fund acquisition and repay existing 6.25% notes due 2025.
- Acquisition subject to Bankruptcy Court approval under Section 363; closing conditions include entry of sale order.

## SEC filing metadata
- accession: 0001104659-23-123456
- form_type: 8-K
- ticker: XPO
- cik: 0001166003
- company_name: XPO, Inc.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166003/000110465923123456/0001104659-23-123456-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166003/000110465923123456/tm2332064d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-123456
- JSON: https://secwatch.observer/filing/0001104659-23-123456.json
- Plain text: https://secwatch.observer/filing/0001104659-23-123456.txt

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