FedEx Corp. announced today that it is extending the expiration date for its exchange offers on all outstanding senior notes, moving the deadline to 5:00 p.m. New York City time on October 6, 2025, except for the 3.875% Notes due 2042, which will not be extended.
The exchange offers cover a range of series, including the 3.400% Notes due 2028 (principal $340.494 million, 99.95% tendered), the 4.200% Notes due 2028 (principal $237.285 million, 99.78% tendered), the 3.100% Notes due 2029 (principal $628.053 million, 99.74% tendered), and the 4.250% Notes due 2030 (principal $406.103 million, 99.40% tendered). 2042 Notes, with a principal of $444.611 million, will be settled on or about October 1, 2025, as all principal has already been tendered.
By extending the deadline, FedEx gives holders of the remaining notes additional time to tender their securities for exchange, while maintaining the same terms and conditions of the offers. The move is part of the company’s broader debt management strategy, allowing it to better align its capital structure with its ongoing transformation initiatives.
The extension does not alter the exchange offer terms, and FedEx expects no immediate impact on its financial statements. However, it provides the company with greater flexibility to manage its debt profile and supports its long‑term capital allocation plans.
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