Davis Polk advised the joint lead arrangers in connection with a $500 million incremental term loan facility for XPO Logistics, Inc. The proceeds of the facility will be used for general corporate purposes and other uses, including to fund purchases of XPO’s equity interests.
XPO, based in Greenwich, Connecticut, is a leading asset-light provider of transportation logistics services. XPO facilitates supply chain solutions between shippers and carriers who outsource their transportation logistics to XPO as a third-party provider.
The Davis Polk credit team included partner Jason Kyrwood and associates Sanders Witkow, Briony Driscoll, Aviv Avnon and Emily Durling. All members of the Davis Polk team are based in the New York office.