XPO Logistics, Inc. and its various subsidiaries amended and restated their $415-million asset-based revolving loan credit facility to provide for an increase in commitments. The credit facilities were made available by Morgan Stanley Senior Funding, Inc., as agent, and Morgan Stanley, 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.
Simultaneously with the closing of the amended credit facilities, XPO completed the acquisition of Pacer International, Inc., a Tennessee corporation, pursuant to the terms of the Agreement and Plan of Merger, dated as of Jan. 5, 2014.
XPO was represented in Canada by Norton Rose Fulbright Canada LLP with a team including Arnold Cohen and Matthew Lippa; and in the US by Skadden, Arps, Slate, Meagher & Flom LLP with a team including David Kolin, Tabitha Humphries and Kyle Gillen.
Morgan Stanley was represented in Canada by Blake, Cassels & Graydon LLP with a team including Michael Matheson, Neil Katz, Aimee Yee and Jason MacIntyre; and in the US by Paul Hastings LLP with a team including Leslie Plaskon, Sanjay Thapar, Mitchell Zuckerman and Kareem Roe.