FedEx Corporation
FedEx Announces Spin-Off of FedEx Freight and Secures Credit Facilities
Summary
On January 15, 2026, FedEx Corporation announced the planned spin-off of FedEx Freight Holding Company, Inc. In preparation for the spin-off, FedEx Freight entered into a five-year revolving credit facility in an aggregate committed amount of $1.2 billion and a three-year delayed draw term loan facility in the aggregate principal amount of $600 million. The proceeds of these credit facilities will be used to finance the spin-off, fund related transactions, and pay fees and expenses. Additionally, Stephen E. Gorman, a board member, notified the board of his resignation to join the board of directors of FedEx Freight upon the spin-off. There were no disagreements between Mr. Gorman and FedEx or the board.
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About FedEx Corporation
FedEx Corporation is a multinational delivery services company known for its air and ground shipping capacities. Established in 1971, FedEx provides a wide range of logistics services, including express transportation, freight forwarding, and e-commerce solutions to businesses and consumers alike. With a strong focus on innovation and efficiency, FedEx has developed advanced tracking systems and time-definite delivery services, setting standards in the express delivery industry. The corporation operates in various segments such as FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services, each tailored to meet specific logistics needs worldwide. FedEx plays a crucial role in global commerce, facilitating the timely exchange of goods and documents across borders, impacting industries like retail, healthcare, and manufacturing. In a digital age where immediate delivery is paramount, FedEx's infrastructure and expertise make it integral to the supply chain and distribution networks that drive the modern economy.
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