XPO Logistics Announces Common Stock Offering
(Thomson Reuters ONE) -
GREENWICH, Connecticut - August 5, 2013 - XPO Logistics, Inc. (NYSE: XPO) today
announced that it has commenced an underwritten public offering of 8,000,000
shares of its common stock, subject to market and other conditions. XPO expects
to grant the underwriters in the offering a 30-day option to purchase up to an
additional 1,200,000 shares of its common stock. Credit Suisse Securities (USA)
LLC, Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. will act as
joint book-running managers for the offering. XPO intends to use the net
proceeds of this offering, together with cash on hand, to finance the previously
announced acquisition of 3PD Holding, Inc. ("3PD") and to pay related fees and
expenses. If the 3PD acquisition is not completed, XPO will use the net proceeds
of the offering for general corporate purposes, which may include strategic
acquisitions.
The shares are being offered pursuant to an effective shelf registration
statement that has been filed with the Securities and Exchange Commission (the
"SEC"). A preliminary prospectus supplement related to the offering has been
filed with the SEC and is available on the SEC's website at http://www.sec.gov.
Copies of the preliminary prospectus supplement and accompanying prospectus
related to the offering, when available, may be obtained by contacting Credit
Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue,
New York, New York 10010, or by telephone at (800) 221-1037, or by email at
newyork.prospectus(at)credit-suisse.com, Morgan Stanley & Co. LLC, Attn: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014-4606, or by
telephone at (866) 718-1649 (toll free), or by email at
prospectus(at)morganstanley.com or Deutsche Bank Securities Inc., Attn: Prospectus
Group, 60 Wall Street, New York, NY 10005, or by telephone at (800) 503-4611, or
by email at prospectus.cpdg(at)db.com.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.
About XPO Logistics, Inc.
XPO Logistics, Inc. (NYSE: XPO) is one of the fastest growing providers of
transportation logistics services in North America. The company's three business
units - freight brokerage, expedited transportation and freight forwarding - use
relationships with more than 22,000 ground, sea and air carriers to serve over
8,500 customers in the manufacturing, industrial, retail, commercial, life
sciences and government sectors. XPO is built to deliver constant growth in
truck capacity, passionate service and technological innovation through 62
locations in the United States and Canada.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical fact are, or may be deemed to be, forward-looking
statements. In some cases, forward-looking statements can be identified by the
use of forward-looking terms such as "anticipate," "estimate," "believe,"
"continue," "could," "intend," "may," "plan," "potential," "predict," "should,"
"will," "expect," "objective," "projection," "forecast," "goal," "guidance,"
"outlook," "effort," "target" or the negative of these terms or other comparable
terms. However, the absence of these words does not mean that the statements are
not forward-looking. These forward-looking statements are based on certain
assumptions and analyses made by us in light of our experience and our
perception of historical trends, current conditions and expected future
developments, as well as other factors we believe are appropriate in the
circumstances.
These forward-looking statements are subject to known and unknown risks,
uncertainties and assumptions that may cause actual results, levels of activity,
performance or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or implied by such
forward-looking statements. Factors that might cause or contribute to a material
difference include, but are not limited to, those discussed in our filings with
the SEC and the following: economic conditions generally; competition; our
ability to find suitable acquisition candidates and execute our acquisition
strategy; the projected satisfaction of closing conditions for the acquisition
of 3PD Holding, Inc. and the related financing (the "3PD Transaction"); the
expected closing date for the 3PD Transaction; the expected impact of the 3PD
Transaction, including the expected impact on the Company's results of
operations; our ability to raise debt and equity capital; our ability to attract
and retain key employees to execute our growth strategy, including retention of
3PD's management team; litigation, including litigation related to
misclassification of independent contractors; our ability to develop and
implement a suitable information technology system; our ability to maintain
positive relationships with our network of third-party transportation providers;
our ability to retain our and 3PD's largest customers; our ability to
successfully integrate 3PD and other acquired businesses; and governmental
regulation. All forward-looking statements set forth in this press release are
qualified by these cautionary statements and there can be no assurance that the
actual results or developments anticipated by us will be realized or, even if
substantially realized, that they will have the expected consequences to or
effects on us or our business or operations. Forward-looking statements set
forth in this press release speak only as of the date hereof and we do not
undertake any obligation to update forward-looking statements to reflect
subsequent events or circumstances, changes in expectations or the occurrence of
unanticipated events except to the extent required by law.
Investor Contact:
XPO Logistics, Inc.
Dana Gibson, +1-203-930-1470
dana.gibson(at)xpologistics.com
Media Contact:
Brunswick Group
Steve Lipin / Gemma Hart, +1-212-333-3810
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: XPO Logistics, Inc. via Thomson Reuters ONE
[HUG#1721087]
Unternehmensinformation / Kurzprofil:
Datum: 05.08.2013 - 12:05 Uhr
Sprache: Deutsch
News-ID 284698
Anzahl Zeichen: 7548
contact information:
Town:
Greenwich
Kategorie:
Business News
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