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FedEx prepares $2 billion offering of notes due 2024, 2034, 2044
By Aleesia Forni
Virginia Beach, Jan. 6 - FedEx Corp. is set to sell $2 billion of senior notes in 10-, 20- and 30-year tranches on Monday, according to a 424B3 filed with the Securities and Exchange Commission and a market source.
J.P. Morgan Securities LLC, Goldman Sachs & Co. and Morgan Stanley & Co. LLC are the joint bookrunners for the offering.
FedEx intends to use the proceeds from the offering to make payments under its accelerated share repurchase agreements entered into in connection with the company's previously announced share repurchase program.
Located in Memphis, Tenn., FedEx is a shipping and logistics management company.
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