<div><div></div><div>XPO announced two new senior secured term loan facilities totaling $885 million to refinance existing Term Loan B debt and extend maturities. The company added a $385 million Term Loan B-4 maturing Feb 1, 2031 under an amendment led by Morgan Stanley Senior Funding, and entered a new $500 million Term Loan A due May 29, 2029 led by Wells Fargo Bank, with a springing maturity tied to the 2028 notes. Both facilities are secured on a pari passu basis with XPO’s revolver, include scheduled amortization, and feature margin step-downs upon meeting leverage thresholds. The financing is intended to streamline XPO’s capital structure and enhance flexibility.Agreement 1: XPO Adds $385 Million Term Loan B-4 Maturing 2031 to Support Refinancing<ul><li>Agreement type: Senior secured Term Loan B-4 facility (Amendment No. 11), $385 million</li><li>Counterparty: Lenders led by Morgan Stanley Senior Funding, as Administrative Agent</li><li>Signed / Effective: May 29 2026 / same</li><li>Duration / Termination: Through Feb 01 2031</li><li>Reason: Refinance existing Term Loan B and extend maturities</li></ul>Agreement 2: XPO Secures $500 Million Senior Secured Term Loan A Due 2029<ul><li>Agreement type: Senior secured Term Loan A Credit Agreement, $500 million</li><li>Counterparty: Lenders led by Wells Fargo Bank, as Administrative Agent</li><li>Signed / Effective: May 29 2026 / same</li><li>Duration / Termination: Through May 29 2029 (springing maturity possible)</li><li>Reason: Refinance debt and optimize capital structure</li></ul>Original SEC Filing: XPO, Inc. [ XPO ] - 8-K - Jun. 01, 2026<section>Disclaimer<div>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</div></section></div></div>

XPO announced the refinancing of existing debt through two new senior secured term loan facilities totaling $885 million. The company added a $385 million Term Loan B-4 maturing in February 2031, led by Morgan Stanley, and a new $500 million Term Loan A due in May 2029, led by Wells Fargo. These agreements aim to streamline XPO's capital structure, extend maturities, and enhance financial flexibility.

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Wells Fargo

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

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WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

XPO Refinances Debt With $885 Million Term Loans; New $500M Term A and $385M Term B-4