GXO Logistics completes €500 million European bond offering to refinance debts and strengthen its balance sheet.
Quiver AI Summary
GXO Logistics, Inc. has successfully completed its first European bond offering, raising €500 million in senior unsecured notes through its subsidiary, GXO Logistics Capital B.V. The notes carry an interest rate of 3.750% per year, with payments starting on November 24, 2026, and maturing on November 24, 2030. Chief Financial Officer Baris Oran emphasized that this milestone reflects investor confidence in GXO as an investment-grade issuer, allowing the company to refinance upcoming debts and strengthen its balance sheet for future growth. The offering was arranged by Barclays, Deutsche Bank, and Goldman Sachs & Co. LLC. GXO Logistics, headquartered in Greenwich, Connecticut, is the largest pure-play contract logistics provider, catering to major companies with advanced logistics and eCommerce solutions.
Potential Positives
- Successful completion of the inaugural European bond offering, raising €500 million, which indicates investor confidence in GXO’s financial health.
- The issuance of senior unsecured notes at a competitive interest rate of 3.750% strengthens GXO's balance sheet and positions the company for long-term growth.
- This milestone as an investment-grade issuer enhances GXO's reputation in the financial markets, potentially facilitating easier access to capital in the future.
Potential Negatives
- The issuance of €500m in senior unsecured notes may indicate a reliance on debt financing, raising concerns about the company's long-term financial health and ability to manage its indebtedness.
- The statement acknowledges multiple risks, including economic conditions, supply chain challenges, and labor shortages, which could negatively impact the company's future performance.
- The forward-looking statements contain numerous uncertainties and cautionary language, suggesting a lack of guarantees regarding the company’s future growth and profitability.
FAQ
What is the purpose of GXO Logistics' European bond offering?
The bond offering aims to refinance upcoming maturities and strengthen GXO's balance sheet for long-term growth.
How much did GXO Logistics raise in the bond offering?
GXO Logistics raised €500 million through its inaugural European bond offering.
What is the interest rate on the senior unsecured notes?
The senior unsecured notes bear an interest rate of 3.750% per annum, payable annually starting November 24, 2026.
Who were the bookrunners for this bond offering?
Barclays, Deutsche Bank, and Goldman Sachs & Co. LLC acted as active bookrunners for the bond offering.
What is the maturity date of the notes issued by GXO?
The notes will mature on November 24, 2030.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GXO Hedge Fund Activity
We have seen 205 institutional investors add shares of $GXO stock to their portfolio, and 253 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AXA S.A. removed 1,000,759 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $52,930,143
- VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. removed 987,350 shares (-59.0%) from their portfolio in Q3 2025, for an estimated $52,220,941
- BALYASNY ASSET MANAGEMENT L.P. added 780,431 shares (+1511.4%) to their portfolio in Q3 2025, for an estimated $41,276,995
- FIL LTD removed 776,227 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $41,054,646
- NORGES BANK removed 730,512 shares (-57.5%) from their portfolio in Q2 2025, for an estimated $35,575,934
- CITADEL ADVISORS LLC added 675,097 shares (+84.6%) to their portfolio in Q3 2025, for an estimated $35,705,880
- PARSIFAL CAPITAL MANAGEMENT, LP added 647,457 shares (+77.5%) to their portfolio in Q3 2025, for an estimated $34,244,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$GXO Analyst Ratings
Wall Street analysts have issued reports on $GXO in the last several months. We have seen 10 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 11/06/2025
- Wells Fargo issued a "Overweight" rating on 10/06/2025
- Morgan Stanley issued a "Overweight" rating on 10/06/2025
- Goldman Sachs issued a "Buy" rating on 09/24/2025
- Oppenheimer issued a "Outperform" rating on 08/07/2025
- Susquehanna issued a "Positive" rating on 08/07/2025
- UBS issued a "Buy" rating on 08/07/2025
To track analyst ratings and price targets for $GXO, check out Quiver Quantitative's $GXO forecast page.
$GXO Price Targets
Multiple analysts have issued price targets for $GXO recently. We have seen 11 analysts offer price targets for $GXO in the last 6 months, with a median target of $62.0.
Here are some recent targets:
- Brian Ossenbeck from JP Morgan set a target price of $67.0 on 11/06/2025
- Ravi Shanker from Morgan Stanley set a target price of $58.0 on 10/06/2025
- Christian Wetherbee from Wells Fargo set a target price of $65.0 on 10/06/2025
- Thomas Wadewitz from UBS set a target price of $63.0 on 10/03/2025
- Patrick Creuset from Goldman Sachs set a target price of $68.0 on 09/24/2025
- Scott Schneeberger from Oppenheimer set a target price of $62.0 on 08/07/2025
- Bascome Majors from Susquehanna set a target price of $60.0 on 08/07/2025
Full Release
GREENWICH, Conn., Nov. 24, 2025 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced the completion of its inaugural European bond offering, with its wholly owned subsidiary GXO Logistics Capital B.V. issuing €500m in senior unsecured notes (the “notes”). The notes will bear interest at a rate of 3.750% per annum payable annually, commencing November 24, 2026, and will mature on November 24, 2030.
“The successful close of our first European bond offering is a milestone for GXO as an investment-grade issuer and underscores investor confidence in our business,” said Baris Oran, Chief Financial Officer, GXO. “By securing €500m on competitive terms and using the proceeds to refinance upcoming maturities, we are strengthening our balance sheet and positioning GXO for long-term growth.”
Barclays, Deutsche Bank and Goldman Sachs & Co. LLC acted as active bookrunners on the transaction.
About GXO
GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is positioned to capitalize on the rapid growth of ecommerce, automation and outsourcing. GXO has over 150,000 team members across more than 1,000 facilities, totaling more than 200 million square feet. The company serves the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut. Visit GXO.com for more information and connect with GXO on LinkedIn, X, Facebook, Instagram and YouTube.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by the company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors the company believes are appropriate in the circumstances.
These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include, but are not limited to, the risks discussed in our filings with the SEC and the following: economic conditions generally; supply chain challenges, including labor shortages; competition and pricing pressures; our ability to align our investments in capital assets, including equipment, service centers and warehouses, to our respective customers’ demands; our ability to successfully integrate and realize anticipated benefits, synergies, cost savings and profit improvement opportunities with respect to acquired companies, including the acquisition of Wincanton; acquisitions may be unsuccessful or result in other risks or developments that adversely affect our financial condition and results; our ability to develop and implement suitable information technology systems and prevent failures in or breaches of such systems; our indebtedness; our ability to raise debt and equity capital; litigation; labor matters, including our ability to manage its subcontractors, and risks associated with labor disputes at our customers’ facilities and efforts by labor organizations to organize its employees; risks associated with defined benefit plans for our current and former employees; our ability to attract or retain necessary talent; the increased costs associated with labor; fluctuations in currency exchange rates; fluctuations in fixed and floating interest rates; fluctuations in customer confidence and spending; issues related to our intellectual property rights; governmental regulation, including environmental laws, trade compliance laws, as well as changes in international trade policies and tax regimes; governmental or political actions, including the United Kingdom’s exit from the European Union; natural disasters, terrorist attacks or similar incidents; damage to our reputation; a material disruption of our operations; the inability to achieve the level of revenue growth, cash generation, cost savings, improvement in profitability and margins, fiscal discipline, or strengthening of competitiveness and operations anticipated or targeted; failure in properly handling the inventory of our customers; the impact of potential cyber-attacks and information technology or data security breaches; and the inability to implement technology initiatives or business systems successfully; our ability to achieve Environmental, Social and Governance goals; and a determination by the IRS that the distribution or certain related spin-off transactions should be treated as taxable transactions. Other unknown or unpredictable factors could cause actual results to differ materially from those in the forward-looking statements. Such forward-looking statements should therefore be construed in the light of such factors. All forward-looking statements set forth in this release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us or our business or operations. Forward-looking statements set forth in this release speak only as of the date hereof, and we do not undertake any obligation to update forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events, except to the extent required by law.
Investor contact
Kristine Kubacki, CFA
+1 203-769-7206
[email protected]
Media contact
Matthew Schmidt
+1 203-307-2809
[email protected]