secwatch.observer — SEC 8-K summary
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Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2026-06-01T10:48:55+00:00
Accession:  0001104659-26-068522
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPO Inc. enters $385M Term Loan B and $500M Term Loan A to refinance existing debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000110465926068522/0001104659-26-068522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000110465926068522/tm2616097d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-068522

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