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Paul Hastings Advises Banks in XPO Logistics Financing

24 Apr 2014

Paul Hastings LLP represented Morgan Stanley Senior Funding, Inc. as agent and Morgan Stanley Senior Funding, Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Citigroup Global Markets Inc. as joint lead arrangers and joint bookrunners, in connection with XPO Logistics, Inc.’s $415 million asset based revolving loan credit facility.

XPO Logistics, Inc.’s ABL facility will consist of advances against accounts receivable and certain equipment, including Railcars of recently acquired Pacer International Inc., an intermodal and logistics management company. XPO Logistics, Inc. is one of the fastest growing providers of transportation logistics services in North America.

Finance partner Leslie Plaskon and of counsel Sanjay Thapar led the Paul Hastings team, which also included associates Mitchell Zuckerman and Kareem Roe.

Matter Type
Banking & Finance - Capital Markets: Structured/Project Finance
Industry
Finance & Banking
News Category
Banking & Finance