FedEx Reports Financials, Details Debt Maturities

Ticker: FDX · Form: 8-K · Filed: 2024-06-25T00:00:00.000Z

Sentiment: neutral

Topics: debt-issuance, financial-condition, sec-filing

Related Tickers: FDX

TL;DR

FedEx dropped an 8-K detailing its debt maturities through 2033.

AI Summary

FedEx Corp. filed an 8-K on June 25, 2024, reporting on its results of operations and financial condition. The filing includes details about various debt issuances, specifically mentioning notes due in 2025, 2027, 2029, 2031, and 2033, with varying interest rates.

Why It Matters

This filing provides insight into FedEx's capital structure and upcoming debt obligations, which can impact its financial flexibility and future investment plans.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of financial information and debt, not indicating any immediate operational or financial distress.

Key Numbers

0.450% — Interest Rate (Notes due 2025)
0.950% — Interest Rate (Notes due 2033)
1.625% — Interest Rate (Notes due 2027)
0.450% — Interest Rate (Notes due 2029)
1.300% — Interest Rate (Notes due 2031)

Key Players & Entities

FEDEX CORP (company) — Filer
FDX CORP (company) — Former company name
June 25, 2024 (date) — Date of report
2025 (date) — Debt maturity year
2027 (date) — Debt maturity year
2029 (date) — Debt maturity year
2031 (date) — Debt maturity year
2033 (date) — Debt maturity year

FAQ

What specific types of debt are detailed in the filing?

The filing details various notes, including 'ZeroPointFourFiveZeroPercentageNotesDueTwoThousandTwentyFiveMember', 'ZeroPointNineFiveZeroPercentageNotesDueTwoThousandThirtyThreeMember', 'OnePointSixTwoFivePercentageNotesDueTwoThousandTwentySevenMember', 'ZeroPointFourFiveZeroPercentageNotesDueTwoThousandTwentyNineMember', and 'OnePointThreeZeroZeroPercentageNotesDueTwoThousandThirtyOneMember'.

What is the earliest maturity date for the mentioned notes?

The earliest maturity date mentioned for the notes is in the year 2025.

What is the latest maturity date for the mentioned notes?

The latest maturity date mentioned for the notes is in the year 2033.

What is the par value of FedEx's common stock?

The filing mentions 'CommonStockParValueZeroPointOneZeroPerShareMember', indicating a par value of $0.10 per share for FedEx's common stock.

When was FedEx Corp. formerly known as FDX Corp?

The filing states that the date of the name change from FDX Corp. to FEDEX CORP was November 3, 1997.

Filing Stats: 592 words · 2 min read · ~2 pages · Grade level 9.4 · Accepted 2024-06-25 16:15:10

Key Financial Figures

$0.10 — ch registered Common Stock, par value $0.10 per share FDX New York Stock Exchan

Filing Documents

fdx-20240625.htm (8-K) — 68KB
fdx-ex99_1.htm (EX-99.1) — 1556KB
0000950170-24-077290.txt ( ) — 1858KB
fdx-20240625.xsd (EX-101.SCH) — 63KB
fdx-20240625_htm.xml (XML) — 10KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. Attached as Exhibit 99.1 and incorporated herein by reference is a copy of FedEx Corporation's press release, dated June 25, 2024, announcing its financial results for the fiscal quarter and year ended May 31, 2024. SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release of FedEx Corporation dated June 25, 2024. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FedEx Corporation Date: June 25, 2024 By: /s/ Guy M. Erwin II Guy M. Erwin II Corporate Vice President – Chief Accounting Officer EXHIBIT INDEX Exhibit Number Description 99.1 Press Release of FedEx Corporation dated June 25, 2024. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).