Simpson Thacher Represents Underwriters in €1.25 Billion Debt Offering by FedEx
The Firm recently represented the underwriters in connection with a public offering by FedEx Corporation (“FedEx”) of €600 million aggregate principal amount of 0.45% Notes due 2029 and €650 million aggregate principal amount of 0.95% Notes due 2033. The 0.45% Notes represent the first sustainability bond issued by a North American transportation and logistics company and are one of the ways FedEx will fund its efforts to achieve its goal of carbon neutral operations by 2040. 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 $79 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand.
The Simpson Thacher team for the transaction included, among others, Risë Norman, Ben Massey and Taylor Wettach (Capital Markets); Jonathan Cantor and Tyler Robbins (Tax); Michael Isby (Environmental); Larry Moss (Executive Compensation and Employee Benefits); Melanie Jolson (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).