FedEx Corp. Announces Notice for the Redemption of Notes
20 Abril 2021 - 5:15PM
Business Wire
FedEx Corp. (NYSE: FDX) (“FedEx”) announced that it has issued
notices of redemption of all of its outstanding:
- $500,000,000 aggregate principal amount of 3.400% notes due
2022 (the “2022-1 Notes”) to be redeemed on April 30, 2021 at an
aggregate redemption price equal to the greater of (i) 100% of the
principal amount of the 2022-1 Notes; and (ii) the sum of the
present values of the remaining scheduled payments of principal and
interest on the 2022-1 Notes (not including any portion of such
payments of interest accrued as of April 30, 2021), discounted to
April 30, 2021 on a semi-annual basis, assuming a 360-day year
consisting of twelve 30-day months, at the Adjusted Treasury Rate
plus 0.15% (15 basis points). FedEx will also pay all interest
accrued and unpaid on the 2022-1 Notes to April 30, 2021. The
paying agent for the redemption of the 2022-1 Notes is Wells Fargo
Bank, N.A., Corporate Trust Operations, MAC N9300-070, 600 South
Fourth Street, Minneapolis, MN 55402. Capitalized terms used in
this paragraph and not defined herein are used as defined in the
Indenture dated as of October 23, 2015, by and between FedEx, the
Guarantors named therein and Wells Fargo, National Association, as
trustee, as supplemented and amended by Supplemental Indenture No.
7 dated as of January 16, 2019.
- €640,000,000 aggregate principal amount of 0.700% notes due
2022 (the “2022-2 Notes”) (NYSE: FDX 22B) to be redeemed on May 5,
2021, at an aggregate redemption price to be calculated on the
third business day prior to May 5, 2021 and equal to the greater of
(i) 100% of the principal amount of the 2022-2 Notes; and (ii) the
sum of the present values of the Remaining Scheduled Payments of
principal and interest on the 2022-2 Notes (not including any
portion of such payments of interest accrued as of May 5, 2021),
discounted to May 5, 2021 on an ACTUAL/ACTUAL (ICMA) day count
basis, at the Comparable Government Bond Rate plus 0.20% (20 basis
points). FedEx will also pay all interest accrued and unpaid on the
2022-2 Notes to May 5, 2021. The paying agent for the redemption of
the 2022-2 Notes is Elavon Financial Services DAC, UK Branch, Fifth
Floor, 125 Old Broad Street, London EC2N 1AR, United Kingdom.
Capitalized terms used in this paragraph and not defined herein are
used as defined in the Indenture dated as of October 23, 2015, by
and between FedEx, the Guarantors named therein and Wells Fargo,
National Association, as trustee, as supplemented and amended by
Supplemental Indenture No. 8 dated as of January 18, 2019.
- $500,000,000 aggregate principal amount of 2.625% notes due
2022 (the “2022-3 Notes”) to be redeemed on May 20, 2021, at an
aggregate redemption price equal to the greater of (i) 100% of the
principal amount of the 2022-3 Notes; and (ii) the sum of the
present values of the remaining scheduled payments of principal and
interest on the 2022-3 Notes, discounted to May 20, 2021 on a
semi-annual basis, assuming a 360-day year consisting of twelve
30-day months, at the Adjusted Treasury Rate plus 0.20% (20 basis
points). FedEx will also pay all interest accrued on the 2022-3
Notes to May 20, 2021. The paying agent for the 2022-3 Notes is The
Bank of New York Mellon, Global Corporate Trust, 111 Sanders Creek
Parkway, East Syracuse, NY 13057. Capitalized terms used in this
paragraph and not defined herein are used as defined in the
Indenture dated as of August 8, 2006, by and between FedEx, the
Guarantors named therein and The Bank of New York Mellon Trust
Company, N.A., as trustee, as supplemented and amended by
Supplemental Indenture No. 3 dated as of July 27, 2012.
- $250,000,000 aggregate principal amount of 2.700% notes due
2023 (the “2023-1 Notes”) to be redeemed on May 20, 2021, at an
aggregate redemption price equal to the greater of (i) 100% of the
principal amount of the 2023-1 Notes; and (ii) the sum of the
present values of the remaining scheduled payments of principal and
interest on the 2023-1 Notes (not including any portion of such
payments of interest accrued as of May 20, 2021), discounted to May
20, 2021 on a semi-annual basis, assuming a 360-day year consisting
of twelve 30-day months, at the Adjusted Treasury Rate plus 0.15%
(15 basis points). FedEx will also pay all interest accrued on the
2023-1 Notes to May 20, 2021. The paying agent for the 2023-1 Notes
is The Bank of New York Mellon, Global Corporate Trust, 111 Sanders
Creek Parkway, East Syracuse, NY 13057. Capitalized terms used in
this paragraph and not defined herein are used as defined in the
Indenture dated as of August 8, 2006, by and between FedEx, the
Guarantors named therein and The Bank of New York Mellon Trust
Company, N.A., as trustee, as supplemented and amended by
Supplemental Indenture No. 4 dated as of April 11, 2013.
- €750,000,000 aggregate principal amount of 1.000% notes due
2023 (the “2023-2 Notes”) (NYSE: FDX 23A) to be redeemed on May 20,
2021. The redemption price for the 2023-2 Notes to be redeemed will
be calculated on the third business day prior to May 20, 2021 and
will be equal to the greater of (i) 100% of the principal amount of
the 2023-2 Notes; and (ii) the sum of the present values of the
Remaining Scheduled Payments of principal and interest on the
2023-2 Notes that would be due if the 2023-2 Notes matured on the
Par Call Date (not including any portion of such payments of
interest accrued as of May 20, 2021), discounted to May 20, 2021 on
an ACTUAL/ACTUAL (ICMA) day count basis, at the Comparable
Government Bond Rate plus 0.20% (20 basis points). FedEx will also
pay all interest accrued and unpaid on the 2023-2 Notes to May 20,
2021. The Paying Agent is Elavon Financial Services DAC, UK Branch,
Fifth Floor, 125 Old Broad Street, London EC2N 1AR, United Kingdom.
Capitalized terms used in this paragraph and not defined herein are
used as defined in the Indenture dated as of October 23, 2015, by
and between FedEx, the Guarantors named therein and Wells Fargo,
National Association, as trustee, as supplemented and amended by
Supplemental Indenture No. 3 dated as of April 11, 2016.
- $750,000,000 aggregate principal amount of 4.000% notes due
2024 (the “2024 Notes”) to be redeemed on May 20, 2021, at an
aggregate redemption price equal to the greater of (i) 100% of the
principal amount of the 2024 Notes; and (ii) the sum of the present
values of the remaining scheduled payments of principal and
interest on the 2024 Notes (not including any portion of such
payments of interest accrued as of May 20, 2021), discounted to May
20, 2021 on a semi-annual basis, assuming a 360-day year consisting
of twelve 30-day months, at the Adjusted Treasury Rate plus 0.15%
(15 basis points). FedEx will also pay all interest accrued on the
2024 Notes to May 20, 2021. The paying agent of the 2024 Notes is
The Bank of New York Mellon, Global Corporate Trust, 111 Sanders
Creek Parkway, East Syracuse, NY 13057. Capitalized terms used in
this paragraph and not defined herein are used as defined in the
Indenture dated as of August 8, 2006, by and between FedEx, the
Guarantors named therein and The Bank of New York Mellon Trust
Company, N.A., as trustee, as supplemented and amended by
Supplemental Indenture No. 5 dated as of January 9, 2014.
- $700,000,000 aggregate principal amount of 3.200% notes due
2025 (the “2025-1 Notes”) to be redeemed on May 20, 2021, at an
aggregate redemption price equal to the greater of (i) 100% of the
principal amount of the 2025-1 Notes; and (ii) the sum of the
present values of the remaining scheduled payments of principal and
interest on the 2025-1 Notes (not including any portion of such
payments of interest accrued as of May 20, 2021), discounted to May
20, 2021 on a semi-annual basis, assuming a 360-day year consisting
of twelve 30-day months, at the Adjusted Treasury Rate plus 0.20%
(20 basis points). FedEx will also pay all interest accrued on the
2025-1 Notes to May 20, 2021. The paying agent for the 2025-1 Notes
is The Bank of New York Mellon, Global Corporate Trust, 111 Sanders
Creek Parkway, East Syracuse, NY 13057. Capitalized terms used in
this paragraph and not defined herein are used as defined in the
Indenture dated as of August 8, 2006, by and between FedEx, the
Guarantors named therein and The Bank of New York Mellon Trust
Company, N.A., as trustee, as supplemented and amended by
Supplemental Indenture No. 6 dated as of January 9, 2015.
- $1,000,000,000 aggregate principal amount of 3.800% notes due
2025 (the “2025-2 Notes”) to be redeemed on April 30, 2021, at an
aggregate redemption price equal to the greater of (i) 100% of the
principal amount of the 2025-2 Notes; and (ii) the sum of the
present values of the remaining scheduled payments of principal and
interest on the 2025-2 Notes that would be due if the 2025-2 Notes
matured on the Par Call Date (not including any portion of such
payments of interest accrued as of April 30, 2021), discounted to
April 30, 2021 on a semi-annual basis, assuming a 360-day year
consisting of twelve 30-day months, at the Adjusted Treasury Rate
plus 0.50% (50 basis points). FedEx will also pay all interest
accrued and unpaid on the 2025-2 Notes to April 30, 2021. The
paying agent for the 2025-2 Notes is Wells Fargo Bank, N.A.,
Corporate Trust Operations, MAC N9300-070, 600 South Fourth Street,
Minneapolis, MN 55402. Capitalized terms used in this paragraph and
not defined herein are used as defined in the Indenture dated as of
October 23, 2015, by and between FedEx, the Guarantors named
therein and Wells Fargo, National Association, as trustee, as
supplemented and amended by Supplemental Indenture No. 11 dated as
of April 7, 2020.
- $450,000,000 aggregate principal amount of 3.300% notes due
2027 (the “2027 Notes”) to be redeemed on May 20, 2021, at an
aggregate redemption price equal to the greater of (i) 100% of the
principal amount of the 2027 Notes; and (ii) the sum of the present
values of the remaining scheduled payments of principal and
interest on the 2027 Notes that would be due if the 2027 Notes
matured on the Par Call Date (not including any portion of such
payments of interest accrued as of May 20, 2021), discounted to May
20, 2021 on a semi-annual basis, assuming a 360-day year consisting
of twelve 30-day months, at the Adjusted Treasury Rate plus 0.15%
(15 basis points). FedEx will also pay all interest accrued and
unpaid on the 2027 Notes to May 20, 2021. The paying agent of the
2027 Notes is Wells Fargo Bank, N.A., Corporate Trust Operations,
MAC N9300-070, 600 South Fourth Street, Minneapolis, MN 55402.
Capitalized terms used in this paragraph and not defined herein are
used as defined in the Indenture dated as of October 23, 2015, by
and between FedEx, the Guarantors named therein and Wells Fargo,
National Association, as trustee, as supplemented and amended by
Supplemental Indenture No. 4 dated as of January 6, 2017.
Corporate Overview
FedEx Corp. (NYSE: FDX) provides customers and businesses
worldwide with a broad portfolio of transportation, e-commerce and
business services. With annual revenue of $79 billion, the company
offers integrated business solutions through operating companies
competing collectively, operating collaboratively and innovating
digitally under the respected FedEx brand. Consistently ranked
among the world’s most admired and trusted employers, FedEx
inspires its more than 570,000 team members to remain focused on
safety, the highest ethical and professional standards and the
needs of their customers and communities. FedEx is committed to
connecting people and possibilities around the world responsibly
and resourcefully, with a goal to achieve carbon-neutral operations
by 2040. To learn more, please visit about.fedex.com.
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Media Contact: Jenny Robertson 901-434-4829 Investor Contact:
Mickey Foster 901-818-7468 Home Page: fedex.com
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