Davis Polk advised FedEx Corporation on its SEC-registered offering of $500 million principal amount of 2.625% notes due 2022 and $500 million principal amount of 3.875% notes due 2042. The joint book-running managers of the offering were Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Mizuho Securities USA Inc.
Based in Memphis, Tennessee, FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. The company offers integrated business applications through operating companies under the FedEx brand.
The Davis Polk corporate team included partner Nicholas A. Kronfeld, associates Byron B. Rooney and Roshni S. Banker and law clerk Nathan Scott Gimpel. Counsel Leslie J. Altus and associate Avinash Venkatesh provided tax advice. Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
