Form 8-K · Current Report · Filed 2025-01-07
FedEx Announces Exchange Offers and Consent Solicitations for Senior Notes
On January 7, 2025, FedEx Corporation announced the commencement of exchange offers for its outstanding senior notes, providing holders the opportunity to exchange their notes for new notes as part of the process to separate its FedEx Freight business through the capital markets.
- Filer
- FedEx Corporation FDX · NYSE
- Filed
- Accession
- 0001193125-25-002886
- CIK
- 0001048911
- Signal
- High impactIndustrials
- Source
- Official filing on sec.gov ↗
Details
Concurrently, FedEx is soliciting consents from noteholders to adopt amendments to the indentures governing the notes to release FedEx Freight's guarantee at the time of separation. The exchange offers and consent solicitations are detailed in a confidential offering memorandum and consent solicitation statement dated January 7, 2025.
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Financial Statements and Exhibits
Market reaction
Close before filing
$220.77
Next session
+0.3%
Since filing
+39.2%
Latest close
$307.40
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from FDX reporting the same item, with the next session's move:
Exhibits (1)
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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