RXO Closes $400 Million Notes Offering

Paul, Weiss represented RXO, Inc., a leading provider of asset-light transportation solutions, in its private offering of $400 million aggregate principal amount of 6.375% senior unsecured notes due 2031. The proceeds of the offering will be used to repurchase or redeem all of RXO’s outstanding 7.500% notes due 2027, to pay related fees and expenses and for general corporate purposes. BofA Securities, Citigroup, Barclays, Goldman Sachs & Co. LLC, Morgan Stanley and Wells Fargo Securities acted as joint bookrunning managers, and J.P. Morgan, Regions Securities LLC, Scotiabank, Truist Securities and U.S. Bancorp acted as co-managers.

The Paul, Weiss team included corporate partners David Huntington and David Sobel; and tax partner Scott Sontag and counsel Alyssa Wolpin.