secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001104659-24-087525
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RXO amends credit facility to add $200M term loan for Coyote acquisition, extends revolver maturity
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- Amendment No. 4 adds a $200 million delayed draw term facility to fund the Coyote Acquisition from UPS.
- Revolving credit facility of $600 million extended to five years from funding date or waiver of Coyote conditions.
- Leverage covenant set at max 4.50x; springing maturity triggers if >$50M senior notes outstanding.
- Amendment No. 3 provides lender consent to the Coyote Acquisition; permits $850M Bridge Facility.
- No cash dividends on preferred stock allowed while Bridge Facility is outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000110465924087525/0001104659-24-087525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000110465924087525/tm2421261d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-087525

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