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Stock Market & Financial Investment News

News Breaks
March 25, 2014
09:35 EDTXPO, PACRXPO 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.
News For XPO;PACR From The Last 14 Days
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July 29, 2014
17:04 EDTXPOXPO Logistics raises FY14 revenue target to $3B from $2.75B
Consensus is for FY14 revenue $2.12B. An annual EBITDA run rate of at least $150M by December 31, up from a prior target of $100M.
17:02 EDTXPOXPO Logistics reports Q2 adj. EPS (22c), consensus (26c)
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17:01 EDTXPOXPO Logistics reports Q2 EPS (28c), consensus (26c)
Reports Q2 revenue $581.0M, consensus $551.31M.
16:53 EDTXPOXPO Logistics acquires New Breed Logistics for $615M, completes ACL acquisition
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