FedEx Announces Commencement of Exchange Offers and Consent Solicitations for Senior Notes
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FedEx Corp. has announced the commencement of exchange offers and consent solicitations for its senior notes. Additionally, FedEx plans to separate its FedEx Freight business into a new publicly traded company.
January 07, 2025 | 10:00 pm
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FedEx is offering to exchange its outstanding senior notes for new ones and plans to spin off its FedEx Freight business into a separate publicly traded company.
The exchange offers for senior notes could improve FedEx's debt profile, potentially leading to a positive market reaction. The spin-off of FedEx Freight could unlock value for shareholders, as it creates a new publicly traded entity, which is often viewed positively by investors.
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