Davis Polk advised Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Jefferies & Company, Inc. as joint book-running managers on an SEC-registered offering of $125 million aggregate principal amount of 4.5% convertible senior notes due 2017 of XPO Logistics, Inc. The total proceeds of the offering were approximately $120.3 million.
Headquartered in Greenwich, Connecticut, XPO Logistics is a third-party logistics provider of freight transportation services through three non-asset based, or asset-light, business units: expedited transportation, freight forwarding and freight brokerage.
The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Eilleen J. Park, Sarah Ashfaq and Adam Balin. The equity derivatives team included partner Mark M. Mendez and associate Noah L. Wynkoop. The tax team included partner Po Sit and associate Kerry S. Price. Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
