FedEx Corporation’s $1.5 Billion Debt Offering

Simpson Thacher represented the underwriters, led by Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with a public offering by FedEx Corporation (“FedEx”) of $500 million aggregate principal amount of 3.4% Notes due 2028 and $1 billion aggregate principal amount of 4% Notes due 2048.

The Notes are guaranteed by nine subsidiaries of FedEx.

FedEx Corp. delivers packages and freight to multiple countries and territories through an integrated global network. The company, led by Frederick Wallace Smith, David J Bronczek and

Robert B Carter, in 2017 recorded $60 Billion Revenues.

The Simpson Thacher team for the transaction included, among others, Risë Norman (Picture) and Sung Bum Cho (Corporate); Jonathan Cantor and Christopher Murray (Tax); Michael Isby (Environmental); Larry Moss and Eric Wolf (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).

 

Involved fees earner: Risë Norman – Simpson Thacher & Bartlett; Sung Bum Cho – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Christopher Murray – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Eric Wolf – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Citigroup Global Markets Ltd; Goldman, Sachs & Co.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; JP Morgan Securities;

 

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Author: Ambrogio Visconti