Xpo logistics announces pricing of gxo's $800 million notes offering

Greenwich, conn., june 17, 2021 (globe newswire) --  xpo logistics, inc. (“xpo” or the “company”) (nyse: xpo) today announced that gxo logistics, inc. (“gxo”), its wholly owned subsidiary, has priced an offering of $800 million of 144a notes with registration rights, consisting of $400 million of notes due 2026 (the “2026 notes”) and $400 million of notes due 2031 (the “2031 notes”, and together with the 2026 notes, the “notes”). gxo is expected to become a separate publicly traded company through the previously announced spin-off of xpo's logistics segment (the “spin-off”). the closing of the offering of the notes is expected to occur on or about july 2, 2021, subject to customary closing conditions.
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