Paul Hastings Advises Banks in XPO Logistics Financing
New York, NY-- Paul Hastings LLP, a leading global law firm, announced today that it 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.
Paul Hastings LLP is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.