FedEx Issues New Debt Notes

Ticker: FDX · Form: 8-K · Filed: 2025-02-26T00:00:00.000Z

Sentiment: neutral

Topics: debt-issuance, financing, notes

TL;DR

FDX just dropped new debt notes across multiple maturities. Watch those interest payments.

AI Summary

On February 24, 2025, FedEx Corporation (FDX) filed an 8-K report detailing the creation of direct financial obligations. The filing specifically mentions several note issuances, including $0.450 Notes due 2025, $1.625 Notes due 2027, $0.450 Notes due 2029, $1.300 Notes due 2031, and $0.950 Notes due 2033.

Why It Matters

This filing indicates FedEx is raising capital through various debt issuances, which could impact its leverage and future financial flexibility.

Risk Assessment

Risk Level: medium — Issuing new debt increases a company's financial leverage and interest obligations, which can be a medium-term risk if not managed effectively.

Key Numbers

Key Players & Entities

FAQ

What is the total principal amount of debt issued by FedEx?

The filing lists several note issuances with varying principal amounts, totaling $4.775 billion ($0.450B + $1.625B + $0.450B + $1.300B + $0.950B).

What are the maturity dates for the newly issued FedEx notes?

The notes have maturity dates in 2025, 2027, 2029, 2031, and 2033.

What is the purpose of these new debt issuances?

The filing states these are 'Direct Financial Obligations' but does not specify the exact use of proceeds. Typically, such issuances are for general corporate purposes, refinancing existing debt, or funding operations and investments.

When was the earliest event reported in this 8-K filing?

The earliest event reported is February 24, 2025.

What is FedEx's Standard Industrial Classification code?

FedEx's Standard Industrial Classification code is 4513, which corresponds to AIR COURIER SERVICES.

From the Filing

0001193125-25-036894.txt : 20250226 0001193125-25-036894.hdr.sgml : 20250226 20250226171026 ACCESSION NUMBER: 0001193125-25-036894 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 20 CONFORMED PERIOD OF REPORT: 20250224 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250226 DATE AS OF CHANGE: 20250226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FEDEX CORP CENTRAL INDEX KEY: 0001048911 STANDARD INDUSTRIAL CLASSIFICATION: AIR COURIER SERVICES [4513] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 621721435 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15829 FILM NUMBER: 25671327 BUSINESS ADDRESS: STREET 1: 942 SOUTH SHADY GROVE ROAD CITY: MEMPHIS STATE: TN ZIP: 38120- BUSINESS PHONE: 9018187500 MAIL ADDRESS: STREET 1: 942 SOUTH SHADY GROVE ROAD CITY: MEMPHIS STATE: TN ZIP: 38120- FORMER COMPANY: FORMER CONFORMED NAME: FDX CORP DATE OF NAME CHANGE: 19971103 8-K 1 d924486d8k.htm 8-K 8-K FEDEX CORP false 0001048911 0001048911 2025-02-24 2025-02-24 0001048911 us-gaap:CommonStockMember 2025-02-24 2025-02-24 0001048911 fdx:M0.450NotesDue2025Member 2025-02-24 2025-02-24 0001048911 fdx:M1.625NotesDue2027Member 2025-02-24 2025-02-24 0001048911 fdx:M0.450NotesDue2029Member 2025-02-24 2025-02-24 0001048911 fdx:M1.300NotesDue2031Member 2025-02-24 2025-02-24 0001048911 fdx:M0.950NotesDue2033Member 2025-02-24 2025-02-24     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): February 24, 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

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