secwatch.observer — SEC 8-K summary
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Issuer:     GXO Logistics, Inc. (GXO)
CIK:        0001852244
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001104659-24-057479
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GXO issues $1.1B in senior notes to fund Wincanton acquisition and refinancing
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- Issued $600M 6.250% notes due 2029 and $500M 6.500% notes due 2034.
- Net proceeds to fund Wincanton plc acquisition, repay debt, fees, and for general corporate purposes.
- Concurrently reduced bridge term loan and term loan credit commitments to zero.
- If Wincanton acquisition fails by specified date, notes subject to special mandatory redemption at 101% of principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852244/000110465924057479/0001104659-24-057479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852244/000110465924057479/tm2413514d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-057479

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