secwatch.observer — SEC 8-K summary
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Issuer:     GXO Logistics, Inc. (GXO)
CIK:        0001852244
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001104659-24-041819
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852244/000110465924041819/0001104659-24-041819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852244/000110465924041819/tm2410290d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-041819

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