Rxo announces $550 million private financing

Charlotte, n.c.--(business wire)---- $rxo #nyse--rxo (nyse: rxo), a leading provider of asset-light transportation solutions, today announced that it has entered into purchase agreements with mfn partners, lp and certain accounts managed by orbis investments for a $550 million private financing. the company intends to use the proceeds from the transaction to finance a portion of the pending acquisition of coyote logistics, ups' technology-driven, asset-light based truckload freight brokerage services business.
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