FEDEX CORP (FDX): debt financing — FedEx Freight secures $1.8B in credit facilities for spin-off; director resigns to join Freight board

FEDEX CORP

FedEx Freight entered a $1.2B revolving credit facility (incl. $50M LC sub-facility) and a $600M term loan on Jan 15, 2026.
Proceeds to finance a cash distribution to FedEx and pay spin-off fees; facilities conditioned on spin-off consummation.
Director Stephen E. Gorman resigned from FedEx board effective upon joining FedEx Freight board after spin-off; no disagreements.
Revolving credit facility matures 5 years from closing; term loan matures 3 years after funding; no scheduled amortization.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FEDEX CORP incurred term loan of $600 million with JPMorgan Chase Bank, N.A. maturing three-year anniversary of the funding date.

Instrument: term loan
Principal: $600 million
Counterparty: JPMorgan Chase Bank, N.A.
Maturity: three-year anniversary of the funding date
Event: incurrence

Exact text from the filing

a three-year delayed draw term loan facility in the aggregate principal amount of $600 million

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FEDEX CORP incurred revolving credit of $1.2 billion with JPMorgan Chase Bank, N.A. maturing fifth anniversary of the closing date.

Instrument: revolving credit
Principal: $1.2 billion
Counterparty: JPMorgan Chase Bank, N.A.
Maturity: fifth anniversary of the closing date
Event: incurrence

Exact text from the filing

a five-year revolving credit facility in an aggregate committed amount of $1.2 billion

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103 debt financings filed in the last 30 days. Browse all debt financings →

FEDEX CORP filing history →

Source: SEC EDGAR

accession 0001104659-26-004325

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