debt
confidence high
sentiment neutral
materiality 0.70
FedEx Freight issues $3.7B senior notes in four tranches; parent guarantees until spin-off
FEDEX CORP
- $1B 4.300% notes due 2029, $1B 4.650% due 2031, $700M 4.950% due 2033, $1B 5.250% due 2036 issued Feb 5, 2026.
- Notes are senior unsecured obligations of FedEx Freight Holding; initially guaranteed by FedEx Corp and FedEx Freight Inc.
- FedEx Corp guarantee will be automatically released upon completion of planned spin-off distributing ≥80.1% of FedEx Freight common stock.
- Interest payable semi-annually on March 15 and September 15, starting September 15, 2026.
- Issued under Rule 144A and Regulation S; registration rights agreement for exchange or shelf registration.
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