Xpo logistics announces pricing of rxo's $355 million notes offering in connection with rxo spin-off

Greenwich, conn. , oct. 12, 2022 (globe newswire) -- xpo logistics, inc. (“xpo” or the “company”) (nyse: xpo) announced that rxo, inc. (“rxo”), a wholly owned subsidiary of xpo, has priced an offering of $355 million of notes due 2027 (the “notes”). the notes will be issued by xpo's wholly owned subsidiary, xpo escrow sub, llc, which will, substantially concurrently with or prior to the consummation of the spin-off of rxo into a separate publicly traded company, merge with and into rxo, as a result of which the notes will become the direct obligations of rxo. the closing of the offering of the notes is expected to occur on or about october 25, 2022, subject to customary closing conditions.
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