FedEx Corp, founded in 1971 and headquartered in Memphis, Tennessee, is a global leader in logistics and transportation services, providing a broad range of solutions to connect businesses and individuals worldwide. The company offers a comprehensive array of services, including express shipping, ground delivery, and e-commerce solutions, effectively catering to the demands of both retail and business customers.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
FedEx began issuing bonds in 1997 to finance its expansion and operational needs, with significant issuances occurring during key acquisitions, such as the purchase of TNT Express in 2016. The current yield on FedEx bonds typically aligns with the industry average, reflecting the company's strong credit rating and stable cash flow. Notably, in 2021, FedEx announced a $1.5 billion bond offering to fund various corporate initiatives, showcasing its commitment to strategic growth and operational excellence.