---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-036894"
form_type: "8-K"
ticker: "FDX"
cik: "0001048911"
company_name: "FEDEX CORP"
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:09:05.718255+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FedEx completes $10.7B bond exchange to facilitate FedEx Freight separation; removes Freight guarantee.

## Summary
- FedEx accepted $10.72B of USD notes and €940M of Euro notes in exchange for new notes with identical interest rates and maturities.
- Supplemental indentures executed to automatically release FedEx Freight guarantee upon its separation from FedEx.
- Consent obtained for all series except 1.300% Notes due 2031, which saw only 29.02% tender.
- Settlement expected Feb 26, 2025; separation of FedEx Freight is not conditioned on the exchange offers.

## SEC filing metadata
- accession: 0001193125-25-036894
- form_type: 8-K
- ticker: FDX
- cik: 0001048911
- company_name: FEDEX CORP
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1048911/000119312525036894/0001193125-25-036894-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048911/000119312525036894/d924486d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-036894
- JSON: https://secwatch.observer/filing/0001193125-25-036894.json
- Plain text: https://secwatch.observer/filing/0001193125-25-036894.txt

## Key facts
- Debt Financings
  FEDEX CORP incurred senior notes of aggregate of $10,724,846,000 principal amount of Existing USD Notes and an aggregate of €939,697,000 principal amount of.
  - Instrument: senior notes
  - Principal: aggregate of $10,724,846,000 principal amount of Existing USD Notes and an aggregate of €939,697,000 principal amount of
  - Event: incurrence
  source text: FedEx resulting in the separation of the FedEx Freight business through the capital markets to create a new publicly traded company. As of the Expiration Date, an aggregate of $10,724,846,000 principal amount of Existing USD Notes (as defined herein) and an aggregate of €939,697,000 principal amount of Existing Euro Notes (as defined herein) had been validly tendered
  evidence_url: https://www.sec.gov/Archives/edgar/data/1048911/000119312525036894/0001193125-25-036894-index.htm

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