XPO enters $385 million Term Loan B and $500 million Term Loan A credit agreements
XPO entered a $385 million Term B-4 loan under an amendment to its existing term loan credit agreement and a separate $500 million senior secured Term Loan A facility with Wells Fargo, both dated May 29, 2026. The company said the proceeds will be used to refinance its existing Term Loan B debt and pay transaction costs, and both facilities are secured by substantially all of its assets.
Key points
- 2026 Term Loan B Facility: $385 million, matures February 1, 2031, interest at Term SOFR plus 1.50% (ABR plus 0.50%), with a 0.125% reduction after November 29, 2026 if net leverage is at or below 1.21 to 1.00
- Term Loan A Credit Facility: $500 million, matures May 29, 2029, with Wells Fargo Bank as administrative agent, interest at Term SOFR plus 1.25%
- Maturity of the Term Loan A may spring to 91 days before the maturity of the 6.250% Senior Secured Notes due 2028, unless those notes are $350 million or less outstanding or liquidity covers them
- Loans carry financial covenants, including a secured net leverage ratio of not greater than 3.00 to 1.00 and an interest coverage ratio of at least 2.00 to 1.00 before an investment-grade fall-away event
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 June 01, 2026.
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.