C.H. Robinson amends credit agreement to fund planned RXO acquisition

what happened

C.H. Robinson has signed a fifth amendment to its credit agreement, which allows the company to carry out its planned purchase of RXO and related financing transactions, according to TradingView, which cited filings with the SEC. The amendment classifies the deal as a permitted and material acquisition.

The changes revise how the acquired business's EBITDA is calculated for leverage purposes and remove the cap on cash netting. The maximum net leverage ratio stays at 3.75 to 1.00. The agreement was signed on October 22, 2026, with U.S. Bank and the required lenders. A leverage holiday will be deemed elected when the deal closes and will count toward the limit of two holidays.

why it matters

For the market, this signals that a major acquisition is getting its financial backing without loosening debt discipline, since the leverage limit is unchanged. Investors will likely watch the closing timeline and the combined company's debt load.

market impact

CHRW and RXO shares: the deal and its financing are the key factor for investors

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