---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-127938"
form_type: "8-K"
ticker: "XPO"
cik: "0001166003"
company_name: "XPO, Inc."
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T08:48:22.069832+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XPO completes $870M acquisition of Yellow service centers and redeems $112M notes

## Summary
- Acquired 28 service centers from Yellow Corp for $870M in cash; closed on Dec 20, 2023.
- Transaction completed under Section 363 of the Bankruptcy Code; approved by Bankruptcy Court order dated Dec 12, 2023.
- Acquired Assets include three lease assumptions and right to designate additional related contracts within 45 days post-closing.
- Redeemed all $112M in outstanding 6.250% Senior Notes due 2025 at 101.563% plus accrued interest.

## SEC filing metadata
- accession: 0001104659-23-127938
- form_type: 8-K
- ticker: XPO
- cik: 0001166003
- company_name: XPO, Inc.
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166003/000110465923127938/0001104659-23-127938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166003/000110465923127938/tm2333197d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-127938
- JSON: https://secwatch.observer/filing/0001104659-23-127938.json
- Plain text: https://secwatch.observer/filing/0001104659-23-127938.txt

## Key facts
- M&A Transactions
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166003/000110465923127938/0001104659-23-127938-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166003/000110465923127938/0001104659-23-127938-index.htm

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