RXO raised $550 million in private financing led by MFN Partners, LP and Orbis Investments to support its acquisition of Coyote Logistics.
RXO raised $550 million in private financing led by MFN Partners, LP and Orbis Investments to support its acquisition of Coyote Logistics.
08/12/24, 8:35 PM
Location
charlotteMoney raised
$550 million
Industry
logistics
transportation
Investors
Orbis Investments, Mfn Partners, Lp
RXO announced a $550 million private financing aimed at financing part of its acquisition of Coyote Logistics. The financing involves the sale of common stock and pre-funded warrants.
Company Info
Location
charlotte, north carolina, united states
Additional Info
RXO is a leading provider of asset-light transportation solutions offering tech-enabled truck brokerage services with complementary solutions including managed transportation, freight forwarding, and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America.