Summary
FedEx Corporation (FDX) filed a Current Report on Form 8-K on August 5, 2019, to disclose the issuance of €1 billion in aggregate principal amount of senior notes. Specifically, the company issued €500 million of 0.450% Notes due 2025 and €500 million of 1.300% Notes due 2031. This debt issuance is being incorporated by reference into the company's existing Registration Statement on Form S-3, which covers previously registered notes and related guarantees. This filing is primarily a procedural event to update registration statements and does not involve new financial results or operational updates. Investors should note that the issuance of debt can impact leverage ratios and future interest expense. The specific terms of the notes, including their interest rates and maturity dates, are detailed in the filed exhibits.
Key Highlights
- 1FedEx issued €1 billion in aggregate principal amount of senior notes on August 5, 2019.
- 2The issuance comprises €500 million of 0.450% Notes due 2025.
- 3The issuance also includes €500 million of 1.300% Notes due 2031.
- 4This debt issuance is being incorporated by reference into FedEx's existing Form S-3 Registration Statement.
- 5The purpose of the filing is to update registration statements for the notes and related guarantees.
- 6Key exhibits include the Underwriting Agreement, Supplemental Indenture, and forms of the issued notes.