debt
confidence high
sentiment neutral
materiality 0.60
FedEx announces early tender results for $4.15B cash tender offers; to accept notes up to priority level 13
FEDEX CORP
- FedEx will accept full amount of notes with Acceptance Priority Levels 1-12 and a portion of 5.100% Notes due 2044 (proration factor ~41.3%).
- Notes with priority levels 14-19 (3.100% due 2029, 5.250% due 2050, etc.) will not be accepted.
- Purchase price funded by ~$4.1B dividend from FedEx Freight spin-off plus cash on hand; early settlement expected July 14, 2026.
- No final settlement date; no notes tendered after early tender time will be accepted.