Current Report Filing (8-k)
January 26 2018 - 9:26AM
Edgar (US Regulatory)
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): January 26, 2018
FedEx Corporation
(Exact
name of registrant as specified in its charter)
Commission
File Number
1-15829
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Delaware
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62-1721435
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(State or other jurisdiction of
incorporation)
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(IRS Employer
Identification No.)
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942 South Shady Grove Road, Memphis, Tennessee
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38120
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(Address of principal executive offices)
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(ZIP Code)
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Registrants 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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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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. REGISTRANTS BUSINESS AND OPERATIONS.
Item 1.01.
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Entry into a Material Definitive Agreement.
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On January 26, 2018, FedEx Corporation
(FedEx), as borrower, and JPMorgan Chase Bank, N.A., as administrative agent, entered into an amendment to the five-year credit agreement dated as of November 13, 2015, among FedEx, JPMorgan Chase Bank, N.A., individually and as
administrative agent, and the other lenders and parties thereto (the Credit Agreement), effecting the exercise of FedExs option under Section 2.18 of the Credit Agreement to increase the aggregate amount available under the
facility from $1.75 billion to $2.0 billion. Certain existing lenders under the Credit Agreement provided the additional $250 million of new commitments. The
sub-limit
for letters of credit
under the Credit Agreement remains $500 million. Except for changes reflecting the increase in the size of the facility, the terms and conditions of the Credit Agreement were not changed.
Certain of the lenders under the Credit Agreement, including JPMorgan Chase Bank, N.A., 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.
SECTION 2. FINANCIAL INFORMATION.
Item 2.03.
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Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance
Sheet Arrangement of a Registrant.
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The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.
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
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Date: January 26, 2018
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By:
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/s/ Michael C. Lenz
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Michael C. Lenz
Corporate Vice President and
Treasurer
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