The Firm recently represented the underwriters in connection with concurrent public offerings by FedEx Corporation (“FedEx”) of (i) €1.10 billion aggregate principal amount of 4.000% Notes due 2030 and €900 million aggregate principal amount of 4.625% Notes due 2034 and (ii) $1.1 billion aggregate principal amount of 5.750% Notes due 2036. The Notes are guaranteed by five subsidiaries of FedEx.
FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $95 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network.
The Simpson Thacher team for the transaction included, among others, Richard Fenyes, Patrick Baron, Emily Anne Owen and Sandy Cho (Capital Markets); Michael Mann and Tova Pfeffer (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Isabella Gonzalez and Alexander Kokka (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).