---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-041819"
form_type: "8-K"
ticker: "GXO"
cik: "0001852244"
company_name: "GXO Logistics, Inc."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:56:34.642812+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GXO enters £250M term loan facility for Wincanton acquisition and $800M revolver

## Summary
- Term Loan Credit Agreement provides £250M multicurrency unsecured facility for financing Wincanton plc acquisition.
- Revolving Credit Agreement provides $800M unsecured multicurrency, 5-year revolving facility; $100M for letters of credit.
- Interest rates based on SOFR/SONIA/EURIBOR plus applicable margin calculated from GXO's credit ratings.
- Covenants include consolidated leverage ratio maintenance; customary for unsecured financings.
- Commitments under prior bridge term loan reduced by amount of new term loan facility.

## SEC filing metadata
- accession: 0001104659-24-041819
- form_type: 8-K
- ticker: GXO
- cik: 0001852244
- company_name: GXO Logistics, Inc.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852244/000110465924041819/0001104659-24-041819-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852244/000110465924041819/tm2410290d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-041819
- JSON: https://secwatch.observer/filing/0001104659-24-041819.json
- Plain text: https://secwatch.observer/filing/0001104659-24-041819.txt

## Key facts
- Debt Financings
  GXO Logistics, Inc. incurred term loan of £250 million with Bank of America N.A. at alternate base rate or Term SOFR plus applicable margin, Daily Simple SONIA Rate maturing three-year.
  - Instrument: term loan
  - Principal: £250 million
  - Counterparty: Bank of America N.A.
  - Rate: alternate base rate or Term SOFR plus applicable margin, Daily Simple SONIA Rate
  - Maturity: three-year
  - Event: incurrence
  source text: The Term Loan Credit Agreement provides for a three-year multicurrency £250 million unsecured term facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852244/000110465924041819/0001104659-24-041819-index.htm
- Debt Financings
  GXO Logistics, Inc. incurred revolving credit of $800 million with Bank of America N.A. at alternate base rate or Term SOFR plus applicable margin, Term CORRA plus applica maturing five-year.
  - Instrument: revolving credit
  - Principal: $800 million
  - Counterparty: Bank of America N.A.
  - Rate: alternate base rate or Term SOFR plus applicable margin, Term CORRA plus applica
  - Maturity: five-year
  - Event: incurrence
  source text: The Revolving Credit Agreement is a five-year unsecured, multicurrency revolving facility. Initially, the aggregate commitment of all lenders under the Revolving Credit Agreement will be equal to $800 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852244/000110465924041819/0001104659-24-041819-index.htm
- Material Agreements
  GXO Logistics, Inc. entered into Revolving Credit Agreement with Bank of America N.A., as administrative agent and an issuing lender valued at $800 million (effective 2024-03-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America N.A., as administrative agent and an issuing lender
  - Value: $800 million
  - Effective: 2024-03-29
  source text: the Company entered into a Credit Agreement with the lenders and other parties from time to time party thereto and Bank of America N.A., as administrative agent and an issuing lender (the “Revolving Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852244/000110465924041819/0001104659-24-041819-index.htm
- Material Agreements
  GXO Logistics, Inc. entered into Term Loan Credit Agreement with Bank of America N.A., as administrative agent valued at £250 million (effective 2024-03-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America N.A., as administrative agent
  - Value: £250 million
  - Effective: 2024-03-29
  source text: GXO Logistics, Inc. (the “Company” or “GXO”), entered into a Term Loan Credit Agreement with the lenders and other parties from time to time party thereto and Bank of America N.A., as administrative agent (the “Term Loan Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852244/000110465924041819/0001104659-24-041819-index.htm

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