XPO Logistics announces $415M commitment for amended credit facility XPO Logistics (XPO) announced that it has obtained bank commitments to amend its revolving loan credit facility to increase the amount of financing capacity from $125M to $415M. The ABL facility is subject to customary conditions and the completion of the company's previously announced acquisition of Pacer International (PACR). The company expects to close on the ABL facility on or near April 1.
XPO Logistics sees 2015 annual revenue run rate of at least $5.25B Sees annual EBITDA run rate of at least $300M by December 31, and at least $1.5B of acquired historical annual revenue for the full year. The company reaffirmed its financial targets for the full year 2017: Revenue of approximately $9.0B and EBITDA of approximately $575M.