RXO, Inc. priced a $400 million senior notes offering with a 6.375% interest rate due 2031. The company intends to use the net proceeds to repurchase or redeem its outstanding 7.500% notes due 2027, pay related fees and expenses, and for general corporate purposes.
Key takeaways
RXO priced $400 million aggregate principal amount of 6.375% Senior Notes due 2031 at an issue price of 100.00%.
The notes will be guaranteed on a senior unsecured basis by domestic subsidiaries that are guarantors under the company's asset-based revolving credit facility.
Net proceeds will be used to repurchase or redeem all outstanding 7.500% Notes due 2027.
Remaining proceeds will be used to pay related fees and expenses and for general corporate purposes, which may include repayment of indebtedness.
The pricing announcement was made on February 11, 2026, and disclosed in an 8-K filing on February 12, 2026.