Company: FEDEX CORP

Form Type: 8-K

Filing Date: 2025-01-07

Corporate Action: Spin-off

Type: New

Accession Number: 000119312525002886

Comments: On January 7, 2025, FedEx Corporation announced a decision by its Board of Directors to fully separate its FedEx Freight business through capital markets, creating a new publicly traded company. This separation will involve offers to exchange all existing senior notes for new notes along with soliciting consents from noteholders for proposed amendments that will allow for the unconditional release of guarantees from FedEx Freight, Inc. once it is no longer a subsidiary of FedEx as part of the separation process. The proposed amendments will not alter the existing indentures regarding proceeds from the release of a subsidiary guarantor. The exchange offers and consent solicitations are conducted under a confidential offering memorandum dated the same day. The new notes offered will not be registered under the Securities Act or any state or foreign securities laws.

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