The Firm recently represented the underwriters, led by BNP Paribas Securities Corp., Citigroup Global Markets Inc., ING Financial Markets LLC and Wells Fargo Securities, LLC, in connection with a public offering by FedEx Corporation (“FedEx”) of $500 million aggregate principal amount of 3.4% Notes due 2022. The Notes are guaranteed by nine subsidiaries of FedEx.
FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $67 billion, the company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand.
The Simpson Thacher team for the transaction included, among others, Risë Norman, Daniel Areshenko and Elise Quinones (Capital Markets); Jonathan Cantor and Tyler Robbins (Tax); Michael Isby (Environmental); Larry Moss (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).