CHRW · 10-Q · 2026Q3 · Full report

Acquisition / Partnership / Divestiture

C. H. ROBINSON WORLDWIDE, INC. · 2026-10-30 · Importance 71 · Surprise 60 · In source text

The company agreed to acquire RXO and paused share repurchases to pay down outstanding debt following the agreement. It expects to finance the cash consideration with new debt and secured a fully underwritten 364-day senior unsecured bridge term loan commitment of up to $4.5 billion to fund part of the consideration, refinance RXO’s existing credit facility, and pay related fees and expenses. After an amendment to its $1.0 billion revolving credit facility permitted the acquisition and related financing and adjusted covenant provisions in anticipation of higher indebtedness, the bridge commitment declined to $3.5 billion; the company expected to complete an amendment to its private placement note agreement in the fourth quarter of 2026.

Key facts

• One fixed installment payment remains due in the fourth quarter of 2026 for the Europe Surface Transportation divestiture, collateralized by that business's current and future accounts receivable. source
• C.H. Robinson's reported forward-looking statements include a proposed acquisition of RXO, Inc., including anticipated timing and completion, required regulatory and RXO stockholder approvals, closing conditions, financing of cash consideration, post-closing integration, and anticipated transaction benefits. source
• The company acquired DeSpir Logistics on June 22, 2026, for approximately $77.8 million of purchase consideration net of cash acquired, paid in cash. source
• The bridge facility commitment is intended to fund part of the RXO cash consideration, refinance RXO's existing credit facility, pay related fees and expenses, and backstop amendments to the company's revolving credit facility and private placement notes. source
• Cash used for acquisitions was $78.949 million for the nine months ended September 30, 2026, compared with none in the prior-year period. source
• The sale of the Europe Surface Transportation business closed in the first quarter of 2025; the company received $27.7 million at closing and an additional $35.3 million through the first nine months of 2026. source
• C.H. Robinson completed the divestiture of its Europe Surface Transportation business on February 1, 2025. source
• Proceeds from divestiture were $35.310 million for the nine months ended September 30, 2026, compared with $27.737 million in the prior-year period. source

Impact estimates