Fedex to reduce debt by 11 percent following completion of strategic public offerings

Memphis, tenn.--(business wire)--fedex corp. (nyse: fdx) today announced the completion of the offerings of $1.75 billion of usd-denominated notes and €1.25 billion of euro-denominated notes. a portion of the proceeds of the debt offerings, which received strong market support, will be used with existing cash to redeem $5.8 billion of the company's existing debt. this will eliminate near-term debt obligations taken on during the early stages of the covid-19 pandemic. an additional portion carri
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