United Parcel Service Inc. on Aug. 13 issued senior notes totaling $1.5 billion.
The issuance comprises $400 million of 2.20% notes due 2024, $400 million of 2.50% notes due 2029 and $700 million of 3.40% notes due 2049.
The company intends to use the net proceeds to repay commercial paper liabilities, make early contributions to its primary domestic pension plans and for general corporate purposes.
