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FedEx grosses €1.24 billion from debt offering

FedEx Corp. raised gross proceeds of €1.24 billion from an offering of 1.625% senior unsecured notes due Jan. 11, 2027.

The company plans to use the proceeds for general corporate purposes or working capital and acquisitions or investments.

BNP Paribas Securities Corp., Citigroup Global Markets Ltd., Deutsche Bank AG's London branch, HSBC Securities (USA) Inc., ING Bank NV, J.P. Morgan Securities PLC, Merrill Lynch International, Mizuho International PLC, Morgan Stanley & Co. International PLC, Scotiabank Europe PLC and Wells Fargo Securities International Ltd. were the lead underwriters.