XPO, Inc. (XPO): debt financing — XPO Inc. enters $385M Term Loan B and $500M Term Loan A to refinance existing debt

XPO, Inc.

Issued $385M 2026 Term Loan B Facility due 2031 at SOFR+1.50% (step-down to 1.375% at leverage ≤1.21x).
Entered $500M Term Loan A Facility due 2029 at SOFR+1.25% (step-down to 1.125% at leverage ≤2.00x).
Proceeds refinance all outstanding Term B-2 and Term B-3 loans and pay transaction costs.
Term Loan A has maintenance covenants: max secured net leverage 3.00x (2.00x total after investment grade) and min interest coverage 2.00x.
Both facilities are secured by substantially all assets, pari passu with existing revolver and each other.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

XPO, Inc. incurred term loan of $500 million with Wells Fargo Bank, National Association maturing May 29, 2029 (may spring to 91 days prior to maturity of 2028 Notes).

Instrument: term loan
Principal: $500 million
Counterparty: Wells Fargo Bank, National Association
Maturity: May 29, 2029 (may spring to 91 days prior to maturity of 2028 Notes)
Event: incurrence

Exact text from the filing

a senior secured term loan A facility in an initial aggregate amount of $500 million

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

XPO, Inc. entered into Senior Secured Term Loan A Credit Agreement with Wells Fargo Bank, National Association valued at senior secured term loan A facility in an initial aggregate amount of $500 million (effective 2026-05-29).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Value: senior secured term loan A facility in an initial aggregate amount of $500 million
Effective: 2026-05-29

Exact text from the filing

On the Closing Date, the Company entered into a Senior Secured Term Loan A Credit Agreement, by and among the Company, certain of its subsidiaries, as guarantors, the lenders party thereto from time to time and Wells Fargo Bank, National Association, as administrative agent and collateral agent for the lenders (the “ Term Loan A Credit Agreement ”). The Term Loan A Credit Agreement provides for, among other things, a senior secured term loan A facility in an initial aggregate amount of $500 million

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

XPO, Inc. entered into Amendment No. 11 to Credit Agreement with Morgan Stanley Senior Funding, Inc. valued at initial aggregate principal amount of $385 million under the 2026 Term Loan B Facility (effective 2026-05-29).

Action: entry
Agreement: credit facility
Counterparty: Morgan Stanley Senior Funding, Inc.
Value: initial aggregate principal amount of $385 million under the 2026 Term Loan B Facility
Effective: 2026-05-29

Exact text from the filing

On May 29, 2026 (the “ Closing Date ”), XPO, Inc. (the “ Company ”) entered into that certain Amendment No. 11 to Credit Agreement (the “ Amendment ”), by and among the Company, certain of its subsidiaries, as guarantors, the lenders party thereto (the “ Lenders ”) and Morgan Stanley Senior Funding, Inc., in its capacity as administrative agent and collateral agent (the “ Administrative Agent ”), amending that certain Senior Secured Term Loan Credit Agreement

View on SEC.gov

Browse all debt financings →

XPO, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-068522

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.