XPO refinances term loans with $700 million and $400 million facilities
On February 26, 2025, XPO entered into a refinancing amendment that provides new term loan B facilities of up to $700 million and $400 million to repay its existing term loans, and a new $600 million revolving credit agreement with Wells Fargo that replaced its former ABL revolving credit facility. The company terminated all obligations under the former ABL facility on the same date. The new debt is secured by substantially all company and guarantor assets and carries covenants that could trigger defaults if breached.
Key points
- Term loan B-2 facility of up to $700 million matures May 24, 2028
- Term loan B-3 facility of up to $400 million matures February 1, 2031
- New $600 million revolving credit facility, including $200 million for letters of credit, matures April 30, 2030
- Former ABL credit agreement dated October 30, 2015 was terminated on February 26, 2025
The filing
Written by AI on Nov 8, 2026, 12:42 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 February 26, 2025.
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.