RXO Logistics in its $355 million notes offering

On October 12, 2022, XPO Logistics, Inc. announced that RXO, Inc., a wholly owned subsidiary of XPO, has priced an offering of $355 million of 7.500% notes due 2027.  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.

Wachtell, Lipton, Rosen & Katz served as legal advisor to XPO and RXO.