Xpo Logistics Credit Agreement

22 décembre 2020

(e) Incremental maturity lenders have taken the form of royalty compensation for the financing of such incremental Terms Lenders Incremental Term Loans on the verge of modification. 5 closing date receive a pre-payment tax (incremental term upfront fee) equal to 0.50% of the stated principal amount of such an incremental term Lenders Incremental Term Loan, which is set to the change number. 5-closing date. These incremental forward fees are fully earned in all respects, payable and payable on (and subject to appearance) of Amendment No. 5 completion date and non-refundable and non-refundable thereafter. Such incremental pre-subscription taxes can be deducted from the « terms loans » that are deducted from such an incremental term lender on the change number. 5-deadline. The bonds are guaranteed by each of the company`s direct and indirect subsidiaries (with fewer excluded subsidiaries) which, under the company`s existing guaranteed revolving credit facility or the existing secured credit facility (or certain alternative loans), are guaranteed or borrowers, or which guarantee or guarantee certain debts on the company`s capital market or a bond guarantor. The bonds and their guarantees will not be guaranteed, the debt undecided of the company and the guarantors. Bradley Jacobs, President and CEO of XPO Logistics, said: « Last week we opportunistically closed $2.6 billion in debt refinancing and achieved all three objectives. We have reduced our expected cash interest expenses by approximately $40 million per year, extended our debt maturities and increased our flexibility to repay debts earlier. XPO has recently reached an important turning point in the acceleration of EBITDA and cash flow, which has helped to strengthen the credit profile, which has allowed us to significantly reduce our cost of capital. SECTION 9.

The credit agreement is governed. Unless explicitly stated, this agreement must not restrict, affect, affect or otherwise affect the rights and remedies of a lender or agent under the credit agreement or other credit document and must not alter, modify, modify or influence in any way the terms, conditions, obligations, agreements or agreements contained in the credit agreement or any other credit document. all of which are ratified and confirmed in all respects and remain fully effective.