C.H. Robinson says RXO would owe $175 million fee under certain merger termination circumstances
CHRW•Under certain circumstances, RXO would be required to pay C.H. Robinson a $175 million termination fee if the merger agreement ends. A $4.5 billion, 364-day senior unsecured bridge facility was committed to finance the merger and refinance RXO’s credit facility.
1. Merger financing terms
C.H. Robinson said RXO would be required to pay a $175 million termination fee if the merger agreement ends under certain circumstances. A $4.5 billion, 364-day senior unsecured bridge facility was committed by Morgan Stanley and others to finance the merger and refinance RXO’s credit facility.
