We advised the representative of the initial purchasers on the offering

Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A / Regulation S offering of $400 million aggregate principal amount of 6.375% senior notes due 2031 by RXO, Inc. The proceeds of the notes will be used to redeem all of RXO’s outstanding 2027 notes, to pay related fees and expenses and for general corporate purposes, which may include repayment of indebtedness.

RXO is a brokered transportation platform defined by cutting-edge technology and an asset-light business model, with the largest component being its core truck brokerage business.

The Davis Polk capital markets team included partners Yasin Keshvargar and Michael Kaplan, counsel Joze Vranicar and associate Sean Kennelly. The tax team included counsel Dustin Plotnick and associate Michael Hsieh. The intellectual property team included partner Frank Azzopardi and associates Francesca Masella and Anne Kim. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.

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