XPO Receives $415 Million Commitment for Amended Credit Facility

XPO Logistics, Inc. (NYSE: XPO) today announced that it has obtained bank commitments to amend its revolving loan credit facility (the "ABL facility") to increase the amount of financing capacity from $125 million to $415 million. The ABL facility is subject to customary conditions and the completion of the company's previously announced acquisition of Pacer International, Inc. The company expects to close on the ABL facility on or near April 1, 2014.

The new ABL facility will be led by Morgan Stanley Bank, N.A.; JPMorgan Chase Bank; Credit Suisse AG; Citibank N.A.; Deutsche Bank AG; and KeyBank National Association.

The company's new ABL facility will consist of advances against accounts receivable and certain equipment and matures in 2018. It will replace the company's current $125 million credit facility. The proceeds of the new facility may be used by the company and its subsidiaries for ongoing working capital needs, other general corporate purposes, including strategic acquisitions, and fees and expenses in connection with the financing.

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.  These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe 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, those discussed in our filings with the Securities and Exchange Commission. Forward-looking statements set forth in this press 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.