The senior notes are due 2028 and 2031

Davis Polk advised the representative of the initial purchasers in connection with Rule 144A / Regulation S offerings of $830 million aggregate principal amount of 6.250% senior secured notes due 2028 and $450 million aggregate principal amount of 7.125% senior unsecured notes due 2031 by XPO, Inc.

Headquartered in Greenwich, Connecticut, XPO is one of the largest providers of asset-based less-than-truckload (LTL) transportation in North America, with proprietary technology that moves goods efficiently through its network. Including its business in Europe, XPO serves approximately 48,000 customers with 558 locations and 38,000 employees. 

The Davis Polk capital markets team included partner Yasin Keshvargar and associates Joze Vranicar, Christian Knoble and Marquis J. Pullen. The tax team included partner Kara L. Mungovan and associate William Liang. All members of the Davis Polk team are based in the New York office.