XPO to offer $830 million of five-year bonds and $450 million of eight-year bonds
Transportation company XPO Inc. (XPO) on Wednesday announced a proposed offering of $830 million in senior secured notes due 2028 and $450 million of senior unsecured notes due 2031 in one or more private placements. Proceeds ill be used along with a new term loan and cash on hand to repay existing term loan principal and accrued interest. The announcement comes a day after Pfizer Inc. (PFE) borrowed $31 billion a mega bond deal as companies pick up the pace of borrowing ahead of potential market turmoil tied to the U.S. debt-ceiling fight.
-Ciara Linnane
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05-17-23 0813ET
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