RXO, Inc. Files Material Definitive Agreement 8-K

Ticker: RXO · Form: 8-K · Filed: Apr 11, 2024 · CIK: 1929561

Rxo, Inc. 8-K Filing Summary
FieldDetail
CompanyRxo, Inc. (RXO)
Form Type8-K
Filed DateApr 11, 2024
Risk Levelmedium
Pages2
Reading Time3 min
Key Dollar Amounts$0.01
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, filing-update

Related Tickers: RXO

TL;DR

RXO filed an 8-K for a big deal, details to come.

AI Summary

On April 11, 2024, RXO, Inc. filed an 8-K report detailing a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. No specific details regarding the nature of the agreement or any associated financial figures were immediately available in the provided text.

Why It Matters

This filing indicates a significant new contract or transaction for RXO, Inc., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, but the lack of specific details in this excerpt makes a precise risk assessment difficult.

Key Players & Entities

  • RXO, Inc. (company) — Registrant
  • April 11, 2024 (date) — Date of Report
  • Delaware (jurisdiction) — State of Incorporation
  • 001-41514 (identifier) — Commission File Number
  • 88-2183384 (identifier) — IRS Employer Identification No.
  • 11215 North Community House Road (address) — Principal Executive Offices
  • Charlotte (location) — City of Principal Executive Offices
  • NC (location) — State of Principal Executive Offices
  • 28277 (zip_code) — ZIP Code of Principal Executive Offices
  • (980) 308-6058 (phone_number) — Registrant's telephone number

FAQ

What is the nature of the material definitive agreement filed by RXO, Inc. on April 11, 2024?

The provided text states that RXO, Inc. filed an 8-K for a 'Material Definitive Agreement' but does not specify the details of the agreement itself.

What other items are included in this 8-K filing besides the material definitive agreement?

The filing also includes 'Financial Statements and Exhibits' as indicated in the item information.

When was RXO, Inc. incorporated or organized?

RXO, Inc. is incorporated in Delaware, as stated in the filing.

What is RXO, Inc.'s primary business classification according to the SIC code?

RXO, Inc.'s Standard Industrial Classification (SIC) code is 4700, which falls under 'TRANSPORTATION SERVICES'.

What is the principal executive office address for RXO, Inc.?

The principal executive offices of RXO, Inc. are located at 11215 North Community House Road, Charlotte, NC 28277.

Filing Stats: 699 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2024-04-11 16:17:44

Key Financial Figures

  • $0.01 — h registered Common stock, par value $0.01 per share RXO New York Stock Exchange

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On April 11, 2024, RXO, Inc. (the "Company") entered into Amendment No. 2 to the Revolving Credit Agreement (the "Amendment"), with the lenders party thereto and Citibank, N.A., as administrative agent, which Amendment amends the Revolving Credit Agreement, dated as of October 18, 2022, among the Company, the guarantors from time to time party thereto, the lenders and other parties from time to time party thereto and Citibank, N.A., as administrative agent (the "Revolver"). The Amendment increases the consolidated leverage ratio financial covenant level applicable under the Revolver from the fiscal quarter ending June 30, 2024 through the fiscal quarter ending March 31, 2025 (the "Covenant Relief Period"), as follows: (i) to 4.25:1.00 for the fiscal quarters ending June 30, 2024 and September 30, 2024; (ii) to 4.00:1.00 for the fiscal quarter ending December 31, 2024; (iii) to 3.75:1.00 for the fiscal quarter ending March 31, 2025; and (iv) returns to 3.50:1.00 beginning with the fiscal quarter ending June 30, 2025. In addition, during the Covenant Relief Period, the Company and its subsidiaries are subject to restrictions with respect to paying dividends or other distributions on equity interests, share repurchases, and other restricted payments, as well as certain material acquisitions, in each case subject to certain exceptions. The Amendment also permits the Company to elect to terminate the Covenant Relief Period and the restrictions thereunder if the consolidated leverage ratio financial covenant level applicable under the Revolver as of any fiscal quarter end is not greater than 3.50:1.00. The foregoing description of the Amendment does not propose to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and the terms of which are incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amendment No. 2 to the Revolving Credit Agreement, dated as of April 11, 2024, entered into by and among RXO, Inc., each lender party thereto and Citibank, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 11, 2024 RXO, INC. By: /s/ James E. Harris James E. Harris Chief Financial Officer

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