Firm Represents SunTrust Robinson Humphrey, Goldman, Sachs & Co., J.P. Morgan and other Underwriters in $1 Billion Debt Offering by FedEx Corporation
01.20.09
This is only gets display when printing
The Firm represented underwriters led by SunTrust Robinson Humphrey, Goldman, Sachs & Co., J.P. Morgan and Morgan Keegan & Company, Inc. in connection with a public offering by FedEx Corporation of $250 million of 7.375% Notes due 2014 and $750 million of 8.000% Notes due 2019. The notes are guaranteed by Federal Express Corporation and nine other subsidiaries of FedEx Corporation. FedEx intends to use the net proceeds of the offering for working capital and general corporate purposes, including the repayment upon maturity of all or a portion of its debt maturing in 2009. The offering closed on January 16, 2009.
FedEx provides a broad portfolio of transportation, e-commerce and business services through companies operating independently and managed collaboratively under the respected FedEx brand.
The Simpson Thacher team for the transaction included Walt Looney, Sirimal R. Mukerjee and Maria Rocha Barros (Corporate); Danny Salinas (Tax); Andrew Janis (Labor); Elizabeth Ferrell (Real Estate); and Mark Lab (FINRA and Blue Sky). Andrea Andrezo and Simon Kliegman also provided assistance.