05:29 PM EST, 01/27/2026 (MT Newswires) -- FedEx ( FDX ) said late Tuesday its subsidiary FedEx Freight has priced a private offering of $1 billion aggregate principal amount of 4.300% senior notes due 2029, $1 billion aggregate principal amount of 4.650% senior notes due 2031, $700 million aggregate principal amount of 4.950% senior notes due 2033, and $1 billion aggregate principal amount of 5.250% senior notes due 2036.

The offering of the notes is expected to close on or about Feb. 5, subject to closing conditions, the company said.

The notes are offered as part of the financing of the proposed separation of FedEx Freight from FedEx ( FDX ), where FedEx Freight will own and operate FedEx's ( FDX ) less-than-truckload freight transportation services business, including FedEx Freight Direct and LTL Select, as well as FedEx Custom Critical, the company said.

The spin-off is expected to conclude on June 1, 2026. If the spin-off is not consummated by Feb. 5, 2027, the notes will be redeemed at 101% of principal plus accrued interest, the company said.