Every 424B that United Parcel Service, Inc. (UPS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow UPS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UPS filings page.
United Parcel Service, Inc. is offering $325,105,000 aggregate principal amount of Floating Rate Senior Notes due 2076 under its shelf registration. The notes pay quarterly interest at a rate equal to Compounded SOFR minus 0.350% per year, with a 0.00% floor, beginning December 1, 2026, and mature on September 1, 2076.
UPS may redeem the notes, in whole or in part, starting September 1, 2056 at premiums stepping down from 105.00% to 100.00% of principal, plus accrued interest. Holders may require repayment on specified dates from September 1, 2027 through September 1, 2073 at prices ranging from 98.00% to 100.00% of principal, plus accrued interest. A tax event allows UPS to shorten the maturity while repaying 100% of principal plus accrued interest.
The public offering price is 100.00% of principal, with a 1.00% underwriting discount, yielding gross proceeds of $325.1 million and proceeds before expenses of $321,853,950; net proceeds are estimated at about $321.2 million for general corporate purposes. As of June 30, 2026, on an as-adjusted basis, cash and cash equivalents were $5,520 million and total debt was $25,809 million. The notes are senior unsecured obligations, will clear through DTC on a T+2 basis, and are not expected to be listed on any securities exchange, so trading liquidity may be limited.
United Parcel Service, Inc. is undertaking an offering of Floating Rate Senior Notes due 2076 under its $10,000,000,000 shelf registration. The notes pay interest quarterly starting December 1, 2026 at a rate equal to Compounded SOFR minus 0.350% per year, floored at 0.00%, using a formula based on the SOFR Index published by the Federal Reserve Bank of New York.
The notes mature on September 1, 2076. UPS may redeem them, in whole or in part, beginning September 1, 2056 at specified premiums stepping down from 105.00% to 100.00% of principal, plus accrued interest. Holders have a series of put options: they may require repayment at 98–100% of principal on March 1 and September 1 of each year from 2027 through 2037, and on September 1 of every second year through 2073 at 100%, plus accrued interest.
UPS discloses extensive risks tied to reliance on SOFR and the SOFR Index, including benchmark reforms, potential volatility, limited market precedent and possible future benchmark replacements, all of which could affect trading value and returns. A tax event allows UPS to shorten the maturity so that interest remains tax-deductible, with 100% of principal plus accrued interest due on the new maturity date. The notes will not be listed on any securities exchange and may have limited secondary liquidity. Net proceeds are expected to be used for general corporate purposes.
United Parcel Service, Inc. is issuing $1,000,000,000 of unsecured 4.850% Senior Notes due 2031 under its $10 billion shelf. The notes pay interest semiannually on February 15 and August 15, beginning February 15, 2027, and mature on August 15, 2031.
UPS will sell $550,000,000 of notes to the public at 99.969% of principal, with a 0.350% underwriting discount, and contribute an additional $450,000,000 of notes to two UPS pension trusts, where independent fiduciaries will decide whether to hold or sell them. Estimated net cash proceeds to UPS are $545.8 million, earmarked for general corporate purposes.
After the transaction, cash and cash equivalents rise from $4,653 million to $5,199 million, total debt increases from $24,484 million to $25,484 million, and pension and postretirement benefit obligations decline from $6,341 million to $5,891 million as of June 30, 2026. The notes are expected to be rated investment grade, are redeemable at UPS’s option (including at par on or after July 15, 2031), will not be listed on any exchange, and may have limited trading liquidity.
United Parcel Service, Inc. is conducting a takedown from its $10,000,000,000 shelf registration to issue a new series of unsecured, unsubordinated senior notes. The notes will be issued in book-entry form through DTC, will not be listed on any exchange, and may be redeemed at UPS’s option, including an earlier optional redemption after a defined Par Call Date using a Treasury-based make-whole formula.
UPS will use the net cash proceeds for general corporate purposes. In addition, UPS will contribute a portion of the notes to its pension structures: not more than 20% of the total principal amount to the UPS Retirement Plan Trust and not more than 25% to a Master Trust funding several defined benefit plans, with the contributed notes forming a single series with the publicly offered notes.
As context, UPS generated $88.7 billion of revenue in 2025 and delivered an average of 20.8 million packages per day, highlighting the scale supporting these senior debt obligations. The notes are issued under an existing 2022 indenture that contains limited financial covenants but includes optional redemption, defeasance and negative pledge-style provisions on secured debt and sale‑leaseback transactions.