FedEx Corporation FDX announced the successful completion of two significant debt offerings totaling approximately €2 billion ($2.2 billion) in Euro-denominated notes and $1.1 billion in U.S. dollar-denominated notes. The offerings were consummated on September 14, 2026, following underwriting agreements entered into on September 9, 2026.
The Euro Notes Offering consists of €1,100,000,000 aggregate principal amount of 4.000% Notes due 2030 and €900,000,000 aggregate principal amount of 4.625% Notes due 2034. The company entered into an underwriting agreement with a syndicate of international financial institutions, including Citigroup Global Markets Limited, Merrill Lynch International, Wells Fargo Securities International Limited, BNP PARIBAS, and ING Bank N.V., who acted on behalf of themselves and as representatives of the several underwriters.
Simultaneously, FedEx completed a USD Notes Offering of $1,100,000,000 aggregate principal amount of 5.750% Notes due 2036. The underwriting agreement for this offering was established with BofA Securities, Inc., Citigroup Global Markets Inc., Wells Fargo Securities, LLC, and Scotia Capital (USA) Inc., serving on behalf of themselves and as representatives of the several underwriters.
The company’s wholly owned subsidiaries, Federal Express Corporation, Federal Express International, Inc., and Federal Express Europe, Inc., participated in the underwriting agreements alongside the parent company. FedEx filed a Current Report on Form 8-K to incorporate the exhibits related to these transactions into its existing Registration Statement on Form S-3.
These debt issuances represent a strategic move to optimize FedEx’s capital structure across multiple currencies and maturity dates, with interest rates ranging from 4.000% to 5.750% and maturities extending through 2036. The multi-tranche approach allows the company to address various financing needs while managing interest rate exposure across different time horizons.
GuruFocus context: GuruFocus’ GF Value™ estimates fair value near $237.65 (31.5% overvalued); its GF Score™ is 82/100; 21 gurus currently hold the stock, with 5 adding and 15 trimming positions in recent quarters — guru 13F data Simply Wall St and Morningstar don’t have. See the full FedEx Corp FDX research.
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