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AI brief of an SEC Form 8-K · RXO (RXO)

RXO amends credit facility, adds $200 million delayed draw term loan for Coyote deal

Neutral Impact 3 of 5 financing Written later

RXO entered Amendment No. 4 to its revolving credit agreement on August 8, 2024, with Goldman Sachs Bank USA as administrative agent. The amendment extends the maturity of the $600 million revolving facility, adds a $200 million delayed draw term loan that may fund the Coyote Acquisition from UPS subsidiaries, and caps the consolidated leverage ratio at 4.50 to 1.00. The filing says the existing lenders also consented to the Coyote Acquisition under Amendment No. 3.

Key points

  • Revolving credit facility of $600 million; maturity extends five years once the term loan is funded or the Coyote conditions are met or waived.
  • $200 million delayed draw term loan may be used to fund the Coyote Acquisition under a Purchase Agreement dated June 21, 2024 with UPS subsidiaries.
  • Consolidated leverage ratio may not exceed 4.50 to 1.00; term loan amortization begins with the fiscal quarter ending December 31, 2026.
  • Lenders consented to the Coyote Acquisition in Amendment No. 3, dated July 31, 2024.

The filing

CompanyRXO (RXO)
Form8-K, current report
Filed with the SECAug 9, 2024, 6:45 AM ET
Accession number0001104659-24-087525

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 09, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.