FedEx’s $1.25 Billion Debt Offering

Simpson Thacher represented the underwriters, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and Mizuho Securities USA LLC, in connection with a public offering by FedEx Corporation (“FedEx”) of $400 million aggregate principal amount of 4.2% Notes due 2028 and $850 million aggregate principal amount of 4.95% Notes due 2048.

The Notes are guaranteed by nine subsidiaries of FedEx.

FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $67 billion, the company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand.

The Simpson Thacher team for the transaction included, among others, Risë Norman (Picture) and Daniel Areshenko (Capital Markets); Jonathan Cantor and Tyler Robbins (Tax); Michael Isby (Environmental); Larry Moss (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).

 

Involved fees earner: Risë Norman – Simpson Thacher & Bartlett; Daniel Areshenko – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Tyler Robbins – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Goldman, Sachs & Co.; HSBC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Mizuho Securities;