GXO Logistics in its $500 million term loan facility, to fund the acquisition of Clipper Logistics plc

On May 26, 2022, GXO Logistics, Inc. announced it has entered into a £375 million term loan facility. The GXO Term Loan Facility is expected to become available for borrowings of term loans upon the consummation of the acquisition of Clipper Logistics plc, subject to the satisfaction or waiver of customary conditions.  Wachtell, Lipton, Rosen & Katz is serving as a legal advisor to GXO.