FedEx Corp Files 8-K on Financial Instruments

TL;DR

FedEx filed an 8-K on Jan 7, 2025, updating its debt and stock info. Nothing major new, just housekeeping.

AI Summary

On January 7, 2025, FedEx Corporation filed an 8-K report detailing various financial instruments, including common stock and several series of notes due in 2025, 2027, 2029, 2031, and 2033. The filing does not appear to announce any new material events but rather serves as a periodic update on the company's financial structure and outstanding debt.

Why It Matters

This filing provides insight into FedEx's ongoing debt obligations and capital structure, which are crucial for investors assessing the company's financial health and risk.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of existing financial instruments and does not indicate any new risks or significant changes in the company's operations.

Key Numbers

• 2025 — Notes Due (Maturity year for a series of notes)
• 2027 — Notes Due (Maturity year for a series of notes)
• 2029 — Notes Due (Maturity year for a series of notes)
• 2031 — Notes Due (Maturity year for a series of notes)
• 2033 — Notes Due (Maturity year for a series of notes)

Key Players & Entities

• FedEx Corporation (company) — Registrant
• January 7, 2025 (date) — Date of Report
• 0001048911 (company) — Central Index Key for FedEx Corp
• Delaware (jurisdiction) — State of Incorporation
• 62-1721435 (company) — IRS Employer Identification Number

FAQ

Key Financial Figures

• $0.10 — nge on which registered Common Stock, $0.10 Par Value FDX New York Stock Exchan

Filing Documents

• d919743d8k.htm (8-K) — 34KB
• d919743dex991.htm (EX-99.1) — 53KB
• 0001193125-25-002886.txt ( ) — 273KB
• fdx-20250107.xsd (EX-101.SCH) — 5KB
• fdx-20250107_def.xml (EX-101.DEF) — 14KB
• fdx-20250107_lab.xml (EX-101.LAB) — 24KB
• fdx-20250107_pre.xml (EX-101.PRE) — 15KB
• d919743d8k_htm.xml (XML) — 10KB

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 7, 2025 FedEx Corporation (Exact Name of Registrant as Specified in its Charter) Delaware 1-15829 62-1721435 (State or other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 942 South Shady Grove Road Memphis , Tennessee 38120 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (901) 818-7500 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.10 Par Value FDX New York Stock Exchange 0.450% Notes due 2025 FDX 25A New York Stock Exchange 1.625% Notes due 2027 FDX 27 New York Stock Exchange 0.450% Notes due 2029 FDX 29A New York Stock Exchange 1.300% Notes due 2031 FDX 31 New York Stock Exchange 0.950% Notes due 2033 FDX 33 New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item8.01. Other Events. As previously disclosed, FedEx Corporation ("FedEx") has announced that its Board of Directors has decided to pursue a full separation of its FedEx Freight business through the capital markets, creating a new publicly traded company. On January 7, 2025, FedEx announced the commencement, in connection with the contemplated Separation (as defined herein), of offers to exchange any and all of its outstanding senior notes of certain series (the "Existing Notes") for new notes to be issued by FedEx (the "New Notes"). Concurrently with the offers to exchange (collectively, the "Exchange Offers") the Existing Notes for New Notes, FedEx is also soliciting consents from eligible holders of each series of Existing Notes (collectively, the "Consent Solicitations") to adopt certain proposed amendments to each of the indentures governing the Existing Notes of such series to provide for the automatic and unconditional release and discharge of the guarantee of FedEx Freight, Inc. at the time it ceases to be a subsidiary (as defined in the applicable existing indenture) of FedEx in connection with the Separation with respect to that series of the Existing Notes (the "Proposed Amendments"). The Proposed Amendments will not amend or otherwise modify the provisions of the applicable indenture governing that series of the Existing Notes regarding the application of any proceeds upon the release of a 10% subsidiary guarantor. As used in this Current Report on Form 8-K, the "Separation" means any sale, exchange, transfer, distribution or other disposition of assets and/or capital stock of one or more subsidiaries of FedEx resulting in the separation of the FedEx Freight business through the capital markets to create a new publicly traded company. The Exchange Offers and Consent Solicitations are being made pursuant to the terms and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement, dated January 7, 2025. The New Notes offered in the Exchange Offers have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state or foreign securities laws. The New Notes may not be offered or sold in the United States or to any U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. A copy of the press release issued by FedEx is attached as Exhibit 99.1 hereto and is incorporated by reference herein. Item9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit 99.1 Press Release of FedEx Corporation dated January 7, 2025. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the