RXO Shares Drop After Notes Offering Prices

Dow Jones
Feb 13
 

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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