XPO Logistics, Inc. : XPO Logistics Announces Common Stock Offering
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 firstname.lastname@example.org, 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 email@example.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 firstname.lastname@example.org.
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.
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.
XPO Logistics, Inc.
Dana Gibson, +1-203-930-1470
Steve Lipin / Gemma Hart, +1-212-333-3810
This announcement is distributed by Thomson Reuters on behalf of Thomson
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
information contained therein.
Source: XPO Logistics, Inc. via Thomson Reuters ONE
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