11:12 AM EDT, 04/25/2024 (MT Newswires) -- GXO Logistics ( GXO ) said Thursday it plans to offer one or more series of its senior notes in a registered public offering.

The company intends to utilize the net proceeds to finance its pending takeover of Wincanton, to repay debt, and for general corporate purposes, GXO added.

The logistics provider said it is not guaranteed whether an offering will take place or its actual size.

Shares of the company were up 2.5% in recent Thursday trading.

Price: 50.33, Change: +1.23, Percent Change: +2.49