FEDEX CORP 8K

FedEx Corp. launched up to $4.15 billion of cash tender offers for various outstanding notes, funded largely by a $4.1 billion dividend from its recently spun-off FedEx Freight, to reduce debt and maintain a leverage-neutral profile post-spin-off.

On June 25, 2026, FedEx Corp. announced the commencement of a series of cash tender offers for multiple outstanding series of its notes, using a waterfall acceptance priority structure and an aggregate purchase price cap of $4.15 billion (excluding accrued interest), with pricing based on fixed spreads over specified U.S. Treasury securities and early tender premiums of $30 per $1,000 principal amount. The tender offers, made pursuant to an Offer to Purchase dated June 25, 2026, are being funded primarily from a roughly $4.1 billion cash dividend received from the recently spun-off FedEx Freight Holding Company, Inc., together with cash on hand, as part of FedEx’s plan to reduce outstanding indebtedness and maintain a leverage-neutral profile following the June 1, 2026 spin-off of FedEx Freight. The offers expire at 5:00 p.m. New York City time on July 24, 2026, with an early tender deadline of 5:00 p.m. New York City time on July 9, 2026, a price determination time at 10:00 a.m. New York City time on July 10, 2026, and settlement expected on July 14, 2026 for early tenders and July 28, 2026 for later tenders, subject to customary conditions but no financing or minimum tender conditions.

Filing Facts

CIK

1048911

Ticker

FDX

Form

8K

Source Type

sec

Accession

0001104659-26-077558

Alert Tier

7