GXO Logistics in its £763 million bridge loan in connection with its offer to acquire Wincanton plc

Pn February 29, 2024, GXO Logistics, Inc., the world’s largest pure-play contract logistics provider, announced that it has made a cash offer to acquire Wincanton plc under Part 28 of the U.K. Companies Act 2006.  In connection with the acquisition, GXO entered into a bridge term loan credit agreement providing for a £763 million unsecured term facility that may be used to finance the acquisition of Wincanton.

Wachtell, Lipton, Rosen & Katz is serving as a legal advisor to GXO in connection with debt finance aspects of the transaction.