Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
XPO, Inc. completed an acquisition involving Yellow Corporation for $870 million in cash (closed 2023-12-20).
- Action
- acquisition
- Counterparty
- Yellow Corporation
- Consideration
- $870 million in cash
- Closing
- 2023-12-20
Exact text from the filing
On December 20, 2023, the Company consummated the acquisition of 28 service centers (the “ Acquired Assets ”) of Yellow Corporation and certain of its subsidiaries (collectively, “ Yellow ”) for an aggregate purchase price of $870 million in cash (the “ Yellow Asset Acquisition ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
XPO, Inc. terminated Indenture dated April 28, 2020 with Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association valued at Redemption of all approximately $112 million in aggregate principal amount of 6.250% Senior Notes du (effective 2023-12-20).
- Action
- termination
- Agreement
- notes offering
- Counterparty
- Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association
- Value
- Redemption of all approximately $112 million in aggregate principal amount of 6.250% Senior Notes du
- Effective
- 2023-12-20
Exact text from the filing
As previously disclosed in its Current Report on Form 8-K filed on December 13, 2023, on December 5, 2023, XPO, Inc. (the “ Company ”) provided notice to Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee (in such capacity, the “ Trustee ”), under that certain Indenture, dated as of April 28, 2020 (as amended, supplemented or otherwise modified from time to time, the “ Indenture ”), by and among the Company, the guarantors party thereto and the Trustee, that on December 20, 2023 (the “ Redemption Date ”), the Company intended to redeem all of the approximately $112 million in aggregate principal amount of its outstanding 6.250% Senior Notes due 2025 (the “ Notes ”) at a redemption price of 101.563% of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the Redemption Date, in accordance with the terms of the Indenture.
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