Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 6.750% senior notes due 2024 by XPO Logistics, Inc.

XPO intends to use the proceeds from the issuance to repay all amounts outstanding under its unsecured credit agreement and for general corporate purposes.

XPO, based in Greenwich, Connecticut, is a leading global logistics provider of cutting-edge supply chain solutions. It operates in 32 countries, with 1,535 locations and more than 100,000 employees.

The Davis Polk capital markets team included partner Michael Kaplan and counsel Yasin Keshvargar. The tax team included partner Rachel D. Kleinberg and associate Ben Levenback. Members of the Davis Polk team are based in the New York and Northern California offices.

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