Financing ·
FedEx Corporation announced early results for its cash tender offers to repurchase various series of its outstanding…
FDXFedex Corp
FedEx Corporation announced early results for its cash tender offers to repurchase various series of its outstanding notes, with an offer cap of $4.15 billion. The company expects to accept the full amount of notes from priority levels 1 through 12 and a prorated portion (approximately 41.3%) of the 5.100% Notes due 2044. The purchase will be funded by a $4.1 billion dividend received from the spin-off of FedEx Freight on June 1, 2026, and cash on hand. FedEx operates in the logistics and transportation industry, providing courier, freight, and e-commerce delivery services.