FEDEX CORP 8-K

What Happened
FedEx Corporation (FDX) filed an 8-K (Item 8.01) on May 22, 2026 reporting that it issued a notice of full redemption of all €354,878,000 aggregate principal amount of its 1.300% Notes due 2031 (CUSIP: 31428XBX3; ISIN: XS2034629134). The initial notice was issued May 13, 2026, with a Redemption Date of May 28, 2026. In a supplemental notice on May 22, 2026, FedEx set the aggregate Redemption Price at €358,619,289.16, which includes €3,741,289.16 of accrued and unpaid interest to the Redemption Date. The Redemption Price was calculated in accordance with the indenture (formula: greater of par or present value of remaining payments discounted using a comparable government bond rate plus 25 basis points).

Key Details

• Principal amount to be redeemed: €354,878,000.
• Coupon / original note rate: 1.300% (due May 5, 2031).
• Redemption Date: May 28, 2026.
• Aggregate Redemption Price: €358,619,289.16, including €3,741,289.16 accrued interest.
• Document filed: Form 8-K, Item 8.01 (Other Events) filed May 22, 2026.

Why It Matters
The redemption will retire the specified euro-denominated notes and remove €354.878M of principal from FedEx’s outstanding debt as of the Redemption Date. Investors tracking FedEx’s debt profile, interest expense, or liquidity should note the cash outflow equal to the Redemption Price and the reduction in future interest obligations tied to these notes. This is a formal, contractually described redemption under the indenture rather than a change to the company’s business operations.