By Chris Wack
RXO shares were 25% lower, at $12.20, after the company said it priced its offering of $400 million of 6.375% senior notes due 2031.
The transportation technology company said the 2031 notes will initially be guaranteed on a senior unsecured basis by its domestic subsidiaries that are guarantors under its asset-based revolving credit facility.
The company intends to use the proceeds from the offering to repurchase or redeem all of its outstanding 7.500% notes due 2027, to pay related fees and expenses and for general corporate purposes, which may include repayment of indebtedness.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 12, 2026 12:35 ET (17:35 GMT)
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