FedEx Files 8-K on Debt Maturities and Financials

TL;DR

FedEx dropped an 8-K detailing its debt maturities through 2033 - check the notes!

AI Summary

On January 23, 2025, FedEx Corporation filed an 8-K report detailing various financial instruments, including notes due in 2025, 2027, 2029, 2031, and 2033. The filing also includes information on common stock and exhibits related to these financial matters.

Why It Matters

This filing provides insight into FedEx's current debt structure and upcoming financial obligations, which can impact investor confidence and the company's financial flexibility.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of financial instruments and does not indicate any immediate operational or financial distress.

Key Numbers

• 2025 — Note Maturity Year (Indicates upcoming debt repayment)
• 2027 — Note Maturity Year (Indicates upcoming debt repayment)
• 2029 — Note Maturity Year (Indicates upcoming debt repayment)
• 2031 — Note Maturity Year (Indicates upcoming debt repayment)
• 2033 — Note Maturity Year (Indicates upcoming debt repayment)

Key Players & Entities

• FedEx Corporation (company) — Registrant
• January 23, 2025 (date) — Date of earliest event reported
• FDX (company) — Former company name ticker

FAQ

Key Financial Figures

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

Filing Documents

• d912886d8k.htm (8-K) — 35KB
• d912886dex991.htm (EX-99.1) — 45KB
• 0001193125-25-010837.txt ( ) — 264KB
• fdx-20250123.xsd (EX-101.SCH) — 5KB
• fdx-20250123_def.xml (EX-101.DEF) — 14KB
• fdx-20250123_lab.xml (EX-101.LAB) — 24KB
• fdx-20250123_pre.xml (EX-101.PRE) — 15KB
• d912886d8k_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 23, 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. On January 23, 2025, FedEx Corporation ("FedEx") announced the early participation results of its previously announced (i) offers to exchange (each, an "Exchange Offer" and, collectively, the "Exchange Offers") any and all outstanding senior notes of certain series (the "Existing Notes") for new notes (the "New Notes") and (ii) related consent solicitations (each, a "Consent Solicitation" and, collectively, the "Consent Solicitations") to adopt certain proposed amendments to each of the indentures governing the Existing Notes (each an "Existing Indenture") 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 (as defined herein) 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 Existing 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. Based on the early tenders as of 5:00 p.m., New York City time, on January 22, 2025 (the "Early Participation Date"), the requisite number of consents have been received to adopt the Proposed Amendments with respect to the Company's outstanding 3.400% Notes due 2028, 3.100% Notes due 2029, 2.400% Notes due 2031, 4.900% Notes due 2034, 3.900% Notes due 2035, 3.250% Notes due 2041, 4.100% Notes due 2043, 5.100% Notes due 2044, 4.100% Notes due 2045, 4.750% Notes due 2045, 4.550% Notes due 2046, 4.400% Notes due 2047, 4.500% Notes due 2065, 0.450% Notes due 2029 and 0.950% Notes due 2033 (collectively, the "Majority Existing Notes"). As of the Early Participation Date, the requisite number of consents have not yet been received with respect to the remaining series of Existing Notes (collectively, the "Non-Majority Existing Notes"). The Exchange Offers and Consent Solicitations were commenced in connection with the proposed Separation and 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 Exchange Offers and Consent Solicitations will expire at 5:00 p.m., New York City time, on February 6, 2025 (the "