GXO - Public offerings

GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. ("GXO" or the "company") (NYSE:GXO) today announced the pricing of $600 million of notes due 2029 (the "2029 notes") and $500 million of notes due 2034 (the "2034 notes", and together with the 2029 notes, the "notes") in a registered public offering. Each offering of notes is expected to close on May 6, 2024, subject to the satisfaction of customary closing conditions. The 2029 notes will bear interest at a rate of 6.250% per annum payable semiannually in cash in arrears on May 6 and November 6 of each year, beginning November 6, 2024 and will mature on May 6, 2029. The 2034 notes will bear interest at a rate of 6.50

GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. ("GXO" or the "company") (NYSE:GXO) today announced that, subject to market and other conditions, it intends to offer one or more series of its senior notes in a registered public offering. GXO intends to use the net proceeds from the sale of the notes, together with borrowings under its previously announced term loan credit agreement entered into on March 29, 2024, to fund its pending acquisition of Wincanton plc ("Wincanton"), to fund the redemption, repayment, prepayment or satisfaction and discharge or other payment in satisfaction of indebtedness of the company and its subsidiaries, to pay fees and expenses in