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FedEx Corp. and Federal Express Corp. Announce Commencement of Consent Solicitations by Federal Express Corp. for its 7.60% Notes due 2097 and Several Series of Pass Through Certificates

MEMPHIS, Tenn., Apr 22, 2016 (BUSINESS WIRE) -- FedEx Corp. FDX, +0.45% (“FedEx”) and Federal Express Corp. ()Federal Express” and, together with FedEx, the “Companies”) today announced the commencement of consent solicitations relating to the securities listed below ()Series” and collectively, the “Securities”).

Security CUSIP Number

Aggregate Principal Amount
Outstanding

7.60% Notes due 2097 313309AP1 $240,000,000
7.96% 1993 Series C2 Pass Through Certificates 31331FAF8 $5,738,000
7.58% 1995 Series B3 Pass Through Certificates 31331FAP6 $45,828,741
8.17% 1996 Series A2 Pass Through Certificates 31331FAR2 $20,850,345
7.84% 1996 Series B2 Pass Through Certificates 31331FAT8 $24,886,616
6.720% 1998-1-A Pass Through Certificates 31331FAX9 $208,062,796
6.845% 1998-1-B Pass Through Certificates 31331FAY7 $52,862,629
7.65% 1999-1-A Pass Through Certificates 31331FBA8 $58,154,565
7.90% 1999-1-B Pass Through Certificates 31331FBB6 $18,444,565
8.25% 1999-1-C Pass Through Certificates 31331FBC4 $8,624,500
2.625% 2012 Pass Through Certificates 313305AA2 $59,301,612

Each consent solicitation will expire at 5:00 p.m., New York City time, on May 2, 2016, unless extended or earlier terminated with respect to a consent solicitation or the consent solicitations (the “Expiration Date”), subject to the terms and conditions of the consent solicitations set forth in the consent solicitation statement, dated as of April 22, 2016.

Prior to the commencement of the consent solicitation, FedEx issued unconditional and irrevocable guarantees of the 7.60% Notes due 2097 and of Federal Express’s obligations under the aircraft lease agreements that serve as collateral for the equipment trust certificates underlying each of the several series of pass through certificates, as well as Federal Express’s obligations under the related participation agreements and other related agreements to which Federal Express is a party.

The proposed amendments for which consent is being sought will, with respect to the 7.60% Notes due 2097, amend the indenture governing the notes and, with respect to the pass through certificates of each series, will amend the pass through trust agreement relating to...


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