secwatch.observer — SEC 8-K summary
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Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001628280-21-015382
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPO completes spin-off of GXO Logistics; distributes 1 GXO share per XPO share
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- Distribution of GXO common stock completed Aug 2, 2021; GXO begins regular-way trading on NYSE under GXO.
- XPO redeems $1.0B of 6.75% senior notes due 2024 at 103.375% of principal, and $535M of 6.125% notes due 2023 at 100%.
- New directors appointed: Jason Aiken (CFO of General Dynamics), Mary Kissel, Allison Landry, Johnny C. Taylor Jr.
- ABL credit facility amended: aggregate commitments reduced from $1.1B to $1.0B upon Distribution.
- Pro forma Q1 2021 revenue for XPO standalone: $2.989B (vs. $4.774B consolidated); net income $67M (vs. $115M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000162828021015382/0001628280-21-015382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000162828021015382/xpo-20210730.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-015382

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer