FedEx Announces Launch of FedEx Freight's Offering of Senior Notes in Connection with Planned Spin-Off
MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) ("FedEx†) announced today that FedEx Freight Holding Company, Inc., a wholly owned subsidiary of FedEx (the "Issuer†), has commenced a private offering of senior notes (the "Notes†). The Notes are being offered as part of the financing for the proposed separation of the Issuer from FedEx (the "Spin-Off†) which will result in the Issuer owning and operating, through its subsidiaries, FedEx's less-than-truckload (LTL) freight transportation. ...