secwatch.observer — SEC 8-K summary
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Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001104659-23-127938
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.02, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923127938/0001104659-23-127938-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923127938/tm2333197d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-127938

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