FedEx Announces Cash Tender Offers for Up to $4.15 Billion of Outstanding Notes

Details

The offers are being made using the proceeds from the recent spin-off of FedEx Freight Holding Company, which paid a cash dividend of approximately $4.1 billion to FedEx. Each offer is scheduled to expire on July 24, 2026, unless extended. To receive the total consideration, which includes an early tender premium of $30 per $1,000 principal amount of notes, holders must tender their notes by July 9, 2026. The early tender premium is included in the total consideration and does not constitute an additional or increased payment. Notes validly tendered may not be validly withdrawn after July 9, 2026, unless the deadline is extended. The company expects to settle payments for notes validly tendered and accepted for purchase at or prior to the early tender time on July 14, 2026.

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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.