Davis Polk advised FedEx Corporation (“FedEx”) on its SEC-registered offering of $400 million principal amount of 2.300% notes due 2020, $700 million principal amount of 3.200% notes due 2025, $500 million principal amount of 3.900% notes due 2035, $650 million principal amount of 4.100% notes due 2045 and $250 million principal amount of 4.500% notes due 2065. The joint book-running managers of the offering were Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC.

Based in Memphis, Tennessee, FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the respected FedEx brand.

The Davis Polk capital markets team included partners Nicholas A. Kronfeld and Byron B. Rooney and associate Christopher M. Bezeg. Partner Rachel D. Kleinberg, counsel Leslie J. Altus and associate Kelli A. Rivers provided tax advice. Members of the Davis Polk team are based in the New York and Menlo Park offices.