March 13, 2017 / 1:44 PM / 4 months ago

BRIEF-XPO Logistics Inc entered into a refinancing amendment

1 Min Read

March 13 (Reuters) - XPO Logistics Inc

* On March 10, 2017, XPO Logistics Inc entered into a refinancing amendment - sec filing

* Outstanding $1.48 billion principal amount of term loans under term loan credit agreement replaced with $1.49 billion of new term loans

* Proceeds from new term loans were used primarily to refinance existing term loans

* Interest rate margin applicable to new term loans was reduced from 2.25% to 1.25%, in case of base rate loans

* Reduction of xpo's cash interest expense in respect of loans outstanding under term loan credit agreement of about $15 million per year

* New term loans will mature on October 30, 2021 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below