Xpo announces expiration, results and settlement of cash tender offer for 6.250% senior notes due 2025

Greenwich, conn., nov. 18, 2022 (globe newswire) -- xpo (nyse: xpo) today announced the expiration, results and settlement of its previously announced tender offer (the “tender offer”) to purchase for cash any and all of its outstanding 6.250% senior notes due 2025 (the “notes”). $407,624,000 aggregate principal amount of notes were validly tendered and not validly withdrawn on or prior to 5:00 p.m., new york city time, on november 17, 2022 (the “expiration time”), which amount of notes the company accepted and purchased on november 18, 2022 (the “final settlement date”). holders of notes that were validly tendered and not validly withdrawn on or prior to the expiration time received the total consideration of $1,022.50 per $1,000.00 principal amount of notes tendered and accepted for purchase, plus accrued and unpaid interest from the last date on which interest had been paid to, but excluding, the final settlement date. $112,376,000 in aggregate principal amount of notes are outstanding on the date hereof after giving effect to the settlement of such tendered notes.
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