FedEx (NYSE: FDX) sets €358.6M cash redemption for 1.300% 2031 notes

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

FedEx Corporation will redeem all €354,878,000 outstanding principal of its 1.300% Notes due 2031 (NYSE: FDX 31). The redemption will occur on May 28, 2026 and constitutes a full repayment of this euro-denominated bond.

The company set the total Redemption Price at €358,619,289.16, which includes €3,741,289.16 of accrued and unpaid interest to the redemption date. The cash amount was calculated under the indenture using the greater of par or a make-whole formula tied to a comparable government bond rate plus 25 basis points.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Principal amount of notes: €354,878,000 Total Redemption Price: €358,619,289.16 Accrued interest included: €3,741,289.16 +4 more

7 metrics

Principal amount of notes €354,878,000 1.300% Notes due 2031 to be fully redeemed

Total Redemption Price €358,619,289.16 Aggregate cash payment on May 28, 2026

Accrued interest included €3,741,289.16 Accrued and unpaid interest to redemption date

Coupon rate 1.300% Interest rate on Notes due 2031

Par call date reference May 5, 2031 Date used in make-whole calculation of remaining payments

Redemption date May 28, 2026 Scheduled date of full bond redemption

Spread over gov't bond 25 basis points Premium over comparable government bond rate in pricing formula

Key Terms

Redemption Price, comparable government bond rate, ACTUAL/ACTUAL (ICMA), par call date, +1 more

5 terms

Redemption Price financial

"The Notes will be redeemed at a redemption price equal to the greater of..."

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

comparable government bond rate financial

"discounted to the Redemption Date... at a comparable government bond rate..."

ACTUAL/ACTUAL (ICMA) financial

"discounted to the Redemption Date on an ACTUAL/ACTUAL (ICMA) day count basis..."

par call date financial

"that would be due if the Notes matured on May 5, 2031 (the par call date)"

The par call date is the specific time when a company can choose to pay back a bond or debt in full at its original value, known as the face amount or par value. It matters to investors because it indicates when the issuer might repay the debt early, potentially affecting investment plans or expected income. Think of it like a fixed date when a loan can be fully settled, giving investors clarity on when they might get their money back.

aggregate principal amount financial

"all €354,878,000 outstanding aggregate principal amount of its 1.300% Notes due 2031"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

Understanding 8-K Material Events →

05/22/2026 - 04:33 PM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 22, 2026

FedEx Corporation

(Exact Name of Registrant as Specified in its Charter)

Delaware
(State or other Jurisdiction
of Incorporation)

1-15829
(Commission File Number)

62-1721435

(IRS Employer
Identification No.)

942 South Shady Grove Road

Memphis, Tennessee
(Address of principal executive offices)

38120
(Zip Code)

Registrant’s telephone number, including area code: (901) 818-7500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.10 Par Value	FDX	New York Stock Exchange
1.625% Notes due 2027	FDX 27	New York Stock Exchange
0.450% Notes due 2029	FDX 29A	New York Stock Exchange
0.450% Notes due 2029	FDX 29B	New York Stock Exchange
1.300% Notes due 2031	FDX 31	New York Stock Exchange
1.300% Notes due 2031	FDX 31B	New York Stock Exchange
3.500% Notes due 2032	FDX 32	New York Stock Exchange
0.950% Notes due 2033	FDX 33	New York Stock Exchange
0.950% Notes due 2033	FDX 33A	New York Stock Exchange
4.125% Notes due 2037	FDX 37	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01. Other Events.

On May 13, 2026, FedEx Corporation (the “Company”) announced that it had issued a notice of full redemption of all €354,878,000 outstanding aggregate principal amount of its 1.300% Notes due 2031 (CUSIP: 31428XBX3; ISIN: XS2034629134) (NYSE: FDX 31) (the “Notes”) with a redemption date of May 28, 2026 (the “Redemption Date”).

The Notes will be redeemed at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes and (ii) the sum of the present values of the remaining scheduled payments (as defined in the indenture governing the Notes) of principal and interest on the Notes that would be due if the Notes matured on May 5, 2031 (the par call date), not including any portion of such payments of interest accrued as of the Redemption Date, discounted to the Redemption Date on an ACTUAL/ACTUAL (ICMA) day count basis, at a comparable government bond rate (as defined in the indenture governing the Notes) (calculated the third business day prior to the Redemption Date) plus 25 basis points, plus, in each case, accrued and unpaid interest on the Notes to the Redemption Date (collectively, the “Redemption Price”).

On May 22, 2026, the Company issued a supplemental notice of full redemption setting forth the aggregate Redemption Price, calculated in accordance with the terms of the indenture governing the Notes, to be equal to €358,619,289.16 for the €354,878,000 aggregate principal amount of the Notes to be redeemed, which includes €3,741,289.16 of accrued and unpaid interest to the Redemption Date.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FEDEX CORPORATION

Date: May 22, 2026	By:	/s/ Trampas T. Gunter
		Trampas T. Gunter
		Corporate Vice President, Corporate Development and Treasurer

Source: View Original Filing on SEC EDGAR

FAQ

What did FedEx (FDX) announce about its 1.300% Notes due 2031?

FedEx announced a full redemption of its 1.300% Notes due 2031. It will repay the entire €354,878,000 principal on May 28, 2026, effectively retiring this euro-denominated debt ahead of the scheduled 2031 maturity.

What is the total Redemption Price for FedEx’s 2031 notes (FDX 31)?

The total Redemption Price is €358,619,289.16 for the €354,878,000 principal. This amount includes €3,741,289.16 of accrued and unpaid interest to the May 28, 2026 redemption date, calculated under the indenture’s make-whole and interest provisions.

When will FedEx’s 1.300% Notes due 2031 be redeemed?

FedEx set May 28, 2026 as the redemption date for these notes. On that date, holders are scheduled to receive the Redemption Price in cash, fully repaying the 1.300% Notes due 2031 and ending future interest payments on this bond.

How was the Redemption Price for FedEx’s 2031 notes determined?

The Redemption Price is the greater of 100% of principal or a make-whole amount. That make-whole uses the present value of remaining scheduled payments discounted at a comparable government bond rate plus 25 basis points, plus accrued interest to the redemption date.

How much accrued interest is included in FedEx’s 2031 notes Redemption Price?

The Redemption Price includes €3,741,289.16 of accrued and unpaid interest. This interest amount is added on top of the principal-based redemption calculation, compensating noteholders for interest earned up to the May 28, 2026 redemption date.

Filing Exhibits & Attachments

4 documents