BUCHANAN, Mich.--(BUSINESS WIRE)--Mar. 15, 2012--
XPO Logistics, Inc. (NYSE Amex: XPO) today announced the pricing of a
registered underwritten public offering of shares of its common stock at
a price to the public of $15.75 per share and that it has increased the
size of the offering to 8,000,000 shares from the previously announced
6,000,000 shares. The underwriters have a 30-day option to purchase up
to an additional 1,200,000 shares of common stock from XPO solely to
cover over-allotments. Morgan Stanley & Co. LLC, Deutsche Bank
Securities Inc. and Jefferies & Company, Inc. are acting as joint
book-running managers for the offering. The co-managers for the offering
are BB&T Capital Markets, a division of Scott & Stringfellow, LLC,
Oppenheimer & Co. Inc., Raymond James & Associates, Inc. and Stifel,
Nicolaus & Company, Incorporated. XPO intends to use the net proceeds of
the offering for general corporate purposes, which may include potential
acquisitions. The offering is expected to close on March 20, 2012,
subject to customary closing conditions.
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 Morgan Stanley, Attn: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY 10014-4606, telephone: (866) 718-1649
(toll free), email: prospectus@morganstanley.com,
Deutsche Bank Securities Inc., Attention: Prospectus Department,
Harborside Financial Center, 100 Plaza One, Jersey City, New Jersey
07311, telephone: (800) 503-4611 (toll free), email: prospectus.cpdg@db.com,
or Jefferies & Company, Inc., Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 12th Floor, New York, NY, 10022,
telephone: (877) 547-6340 (toll free), email: Prospectus_Department@Jefferies.com.
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.
Founded in 1989, XPO Logistics, Inc. is a non-asset based, third-party
logistics provider of freight transportation services that uses a
network of relationships with ground, sea and air carriers to find the
best transportation solutions for its customers. The company offers its
services through three distinct business units: expedited transportation
(Express-1, Inc.); freight forwarding (Concert Group Logistics, Inc.);
and freight brokerage. XPO Logistics serves more than 4,000 retail,
commercial, manufacturing and industrial customers through seven U.S.
operations centers and 23 agent locations.
Forward Looking Statements
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. 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.
Source: XPO Logistics, Inc.
Investor Contact:
XPO Logistics, Inc.
Scott Malat,
+1-203-413-4002
scott.malat@xpologistics.com
