---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-002886"
form_type: "8-K"
ticker: "FDX"
cik: "0001048911"
company_name: "FEDEX CORP"
filed_at: "2025-01-07T23:59:59+00:00"
generated_at: "2026-05-28T07:40:23.952563+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FedEx launches exchange offers for $16B+ senior notes to facilitate Freight separation

## Summary
- Exchange offers cover 22 series of outstanding notes: $14.4B USD and €1.75B Euro total principal.
- Holders tendering by Jan 22, 2025 receive $30/$970 principal per $1,000 plus $2.50 cash as early incentive.
- Consents sought to automatically release FedEx Freight's guarantee upon its separation from FedEx.
- Freight separation expected within 18 months; intended to be tax-free; capital structure not levered.
- Each exchange offer is independent; no minimum tender required; separation not conditioned on offers.

## SEC filing metadata
- accession: 0001193125-25-002886
- form_type: 8-K
- ticker: FDX
- cik: 0001048911
- company_name: FEDEX CORP
- filed_at: 2025-01-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1048911/000119312525002886/0001193125-25-002886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048911/000119312525002886/d919743d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-002886
- JSON: https://secwatch.observer/filing/0001193125-25-002886.json
- Plain text: https://secwatch.observer/filing/0001193125-25-002886.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.