09/11/2024 | News release | Distributed by Public on 09/12/2024 12:02
Paul, Weiss advised RXO, Inc., a leading provider of asset-light transportation solutions, in a registered public offering of $500 million of common stock. RXO intends to use the net proceeds from the offering to finance a portion of its pending acquisition of Coyote Logistics, UPS' technology-driven, asset-light freight brokerage business. Goldman Sachs & Co. LLC, BofA Securities, Citigroup and Morgan Stanley acted as joint lead bookrunning managers.
The Paul, Weiss team was led by corporate partner David Huntington and counsel David Sobel, and included partners Kristiina Leskinen and Steven Williams; tax partner Scott Sontag and counsel Alyssa Wolpin; intellectual property partner Jonathan Ashtor and counsel Elana Bensoul; litigation counsel Audrey Paquet; and environmental counsel William O'Brien.