---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-029127"
form_type: "8-K"
ticker: "GXO"
cik: "0001852244"
company_name: "GXO Logistics, Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:21:42.492841+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# GXO announces cash offer for Wincanton at 605p/share; secures £763M bridge loan and 34% acceptances

## Summary
- GXO offers 605p/share cash for Wincanton plc, a 26% premium to CEVA Logistics' final offer of 480p.
- Irrevocable undertakings secured for 42.4M shares (34.0% of Wincanton); offer condition requires ≥75% acceptances.
- GXO entered into a £763M bridge credit agreement with Bank of America to finance the acquisition.
- Expected full annual net run-rate synergies of £45M (pre-tax); acquisition expected to be immediately accretive to EPS.
- Offer priced at 605p/share, a 104% premium to Wincanton's closing price of 297p on 18 Jan 2024.

## SEC filing metadata
- accession: 0001104659-24-029127
- form_type: 8-K
- ticker: GXO
- cik: 0001852244
- company_name: GXO Logistics, Inc.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852244/000110465924029127/0001104659-24-029127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852244/000110465924029127/tm247575d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-029127
- JSON: https://secwatch.observer/filing/0001104659-24-029127.json
- Plain text: https://secwatch.observer/filing/0001104659-24-029127.txt

## Key facts
- Debt Financings
  GXO Logistics, Inc. incurred credit facility of £763 million with Bank of America, N.A. at Daily Simple SONIA Rate, plus an applicable margin.
  - Instrument: credit facility
  - Principal: £763 million
  - Counterparty: Bank of America, N.A.
  - Rate: Daily Simple SONIA Rate, plus an applicable margin
  - Event: incurrence
  source text: The Bridge Credit Agreement provides for a £763 million unsecured term facility that may be borrowed by the Company in multiple draws beginning on the date that the Acquisition is consummated and thereafter during the commitment period of the Bridge Credit Agreement, subject to the satisfaction of certain customary conditions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852244/000110465924029127/0001104659-24-029127-index.htm
- Material Agreements
  GXO Logistics, Inc. entered into Bridge Term Loan Credit Agreement with Bank of America, N.A. valued at £763 million (effective 2024-02-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: £763 million
  - Effective: 2024-02-29
  source text: the Company and Bank of America, N.A. (“Bank of America”), as administrative agent, entered into a Bridge Term Loan Credit Agreement, dated February 29, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852244/000110465924029127/0001104659-24-029127-index.htm

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