Bradley Jacobs, President and CEO of XPO Logistics, said: “Last week we opportunistically closed $2.6 billion in debt refinancing and achieved all three objectives. We have reduced our expected cash interest expenses by approximately $40 million per year, extended our debt maturities and increased our flexibility to repay debts earlier. XPO has recently reached an important turning point in the acceleration of EBITDA and cash flow, which has helped to strengthen the credit profile, which has allowed us to significantly reduce our cost of capital. XPO Logistics, Inc. (NYSE: XPO) is a global logistics leader for the world`s most modern supply chain solutions for the world`s most successful companies. With 1,506 sites and approximately 97,000 employees, the company is a highly integrated network of people, technologies and tangible assets in 30 countries. XPO uses its network to help more than 50,000 customers manage their products in the most efficient way in their supply chains. XPO is headquartered in Greenwich, Conn., USA, and is headquartered in Lyon, France. xpo.com Debt securities are guaranteed by each of the company`s direct and indirect subsidiaries (with fewer excluded subsidiaries) that are or will be guaranteed by the existing company-backed revolving credit facility or the existing secured credit facility (or certain alternative loans), or that are or will be guaranteed by borrowers , or the company`s capital market debts or a guarantor of the bonds. The bonds and their guarantees will not be guaranteed, the debt undecided of the company and the guarantors.
The terms, obligations, agreements or agreements contained in the credit agreement or other credit documents in similar or other circumstances. (e) Incremental maturity lenders have taken the form of royalty compensation for the financing of such incremental Terms Lenders Incremental Term Loans on the verge of modification. 5 closing date receive a pre-payment tax (incremental term upfront fee) equal to 0.50% of the stated principal amount of such an incremental term Lenders Incremental Term Loan, which is set to the change number. 5-closing date. These incremental forward fees are fully earned in all respects, payable and payable on (and subject to appearance) of Amendment No. 5 completion date and non-refundable and non-refundable thereafter. These incremental pretaxes can be deducted from the terms of incremental loans that are deducted from such an incremental term Lender on the change number.