# EDGAR Filing Document

**Accession Number:** 0001048911
**File Stem:** 0001193125-25-269610
**Filing Date:** 2025-11
**Character Count:** 9252
**Document Hash:** 7e482b8ee91ac635ac4ad7ec796e1bda
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-269610.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0001193125-25-269610

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251031

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDEX CORP
- **CENTRAL INDEX KEY:** 0001048911
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIR COURIER SERVICES [4513]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 621721435
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15829
- **FILM NUMBER:** 251458598

**BUSINESS ADDRESS:**
- **STREET 1:** 942 SOUTH SHADY GROVE ROAD
- **CITY:** MEMPHIS
- **STATE:** TN
- **ZIP:** 38120-
- **BUSINESS PHONE:** 9018187500

**MAIL ADDRESS:**
- **STREET 1:** 942 SOUTH SHADY GROVE ROAD
- **CITY:** MEMPHIS
- **STATE:** TN
- **ZIP:** 38120-

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FDX CORP
- **DATE OF NAME CHANGE:** 19971103

?xml version='1.0' encoding='ASCII'? 8-K

### 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): October 31, 2025

## FedEx Corporation

#### (Exact name of registrant as specified in its charter)

#### Commission File Number 1-15829

---

| | |
|:---|:---|
| **Delaware** | **62-1721435** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(IRS Employer**<br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **942 South Shady Grove Road, Memphis, Tennessee** | **38120** |
| **(Address of principal executive offices)** | **(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:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **Symbol** | **Name of each exchange**<br> **on which registered** |
| Common Stock, par value $0.10 per share | 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 |

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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. ☐

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#### SECTION 1. REGISTRANT'S BUSINESS AND OPERATIONS.

#### Item 1.01 Entry into a Material Definitive Agreement.
On October 31, 2025, FedEx Corporation ("FedEx"), as borrower, amended its $1.75 billion three-year credit agreement (the "Three-Year Credit Agreement") and $1.75 billion five-year credit agreement (the "Five-Year Credit Agreement" and, together with the Three-Year Credit Agreement, the "Credit Agreements"). FedEx entered into the amendments to the Credit Agreements (the "Amendments") with a syndicate of banks and other financial institutions (the "Three-Year Lenders" and "Five-Year Lenders," respectively), including JPMorgan Chase Bank, N.A., individually and as administrative agent; Bank of America, N.A., individually and as syndication agent; and Citibank, N.A., The Bank of Nova Scotia, Wells Fargo Bank, National Association, and Truist Bank, each individually and as a co-documentation agent. The Amendments update certain provisions of the Credit Agreements in anticipation of the planned spin-off of FedEx Freight, Inc. ("FedEx Freight") by June 2026 (the "FedEx Freight Spin-Off") through the creation of a new publicly traded company ("Freight SpinCo") and incorporate certain other customary changes to the Credit Agreements.

Pursuant to the Amendments:

• FedEx Freight will be released from its guarantees under the Credit Agreements upon consummation of the FedEx Freight Spin-Off.

• In addition to items previously excluded, for purposes of the financial covenants in the Credit Agreements requiring FedEx to maintain a ratio of debt to consolidated earnings before interest, taxes, depreciation, and amortization ("adjusted EBITDA") of not more than 3.5 to 1.0, (i) debt incurred by Freight SpinCo to finance distributions to FedEx and other transactions related to the FedEx Freight Spin-Off and certain other customary items are excluded from the calculation of debt and (ii) transaction costs, fees, and expenses and synergies and cost savings related to the FedEx Freight Spin-Off of up to $600 million (to be increased by 10% if additional such amounts are identified) are excluded from adjusted EBITDA.

• The termination of the Three-Year Lenders' and the Five-Year Lenders' commitments was extended to March 15, 2028 for purposes of the Three-Year Credit Agreement and March 15, 2030 for purposes of the Five-Year Credit Agreement, unless terminated earlier by FedEx or by the administrative agent upon an event of default. FedEx may request up to two additional one-year extensions of the Three-Year Lenders' commitments under the Three-Year Credit Agreement and the Five-Year Lenders' commitments under the Five-Year Credit Agreement, respectively.

• The 10 basis point credit spread adjustment was removed from interest rate calculations and certain margins included in the pricing grid were modified.

Certain of the Three-Year Lenders and Five-Year Lenders and their affiliates engage in transactions with, and perform services for, FedEx and its affiliates in the ordinary course of business and have engaged, and may in the future engage, in other commercial banking transactions and investment banking, financial advisory, and other financial services transactions with FedEx and its affiliates.

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The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the text of the Amendments, which will be filed as exhibits to FedEx's quarterly report on Form 10-Q for the fiscal quarter ending November 30, 2025.

#### FORWARD-LOOKING STATEMENTS
Certain statements in this Current Report on Form 8-K, such as statements relating to the FedEx Freight Spin-Off, may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include those preceded by, followed by, or that include the words "will," "may," "could," "would," "should," "believe," "expected," "anticipated," "plans," "estimates," "targets," "projects," "intends" or similar expressions. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, our ability to successfully implement the FedEx Freight Spin-Off and achieve the anticipated benefits of such transaction and other factors which can be found in FedEx's press releases and filings with the U.S. Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. FedEx does not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

------

#### SIGNATURES
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.

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| | | |
|:---|:---|:---|
|  | **FedEx Corporation** | **FedEx Corporation** |
| Date: November 6, 2025 | By: | /s/ Trampas T. Gunter |
|  |  | Trampas T. Gunter |
|  |  | Corporate Vice President, Corporate Development and Treasurer |

---