UPS Prices €1.2 Billion Senior Notes Offering
13 Novembre 2015 - 8:51PM
United Parcel Service, Inc. (NYSE: UPS) announced today that it has
priced a public offering of €1.2 billion aggregate principal amount
of floating rate and fixed rate senior notes in an underwritten
registered public offering. The notes will consist of €500 million
of floating rate senior notes due 2020 and €700 million of 1.625%
senior notes due 2025. The offering is expected to close on
November 20, 2015, subject to customary closing conditions.
UPS anticipates using the net proceeds of approximately €1.19
billion from the offering, after estimated expenses and
underwriters’ discounts and commissions, for general corporate
purposes, including the repayment of commercial paper.
Barclays, BNP PARIBAS, Goldman, Sachs & Co. and Société
Générale Corporate & Investment Banking are the active joint
book-running managers for the offering.
The offering is being made pursuant to an effective shelf
registration statement on file with the U.S. Securities and
Exchange Commission (SEC). Before you invest, you should read the
prospectus in that registration statement and the related
prospectus supplement and other documents UPS will file with the
SEC for more complete information about UPS and the offering. You
may obtain these documents for free by visiting EDGAR on the SEC
Web site at http://www.sec.gov. Copies of the preliminary
prospectus supplement and accompanying prospectus may also be
obtained by contacting Barclays at 1-888-603-5847, BNP PARIBAS at
1-800-854-5674, Goldman, Sachs & Co. at 1-866-471-2526 and
Société Générale Corporate & Investment Banking at
1-855-881-2108.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, the notes or any other securities,
nor shall there be any offer, solicitation or sale of any security
mentioned in this press release in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
The statements made in this release may constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements, including statements
regarding the proposed offering, involve certain risks and
uncertainties. Certain factors may cause actual results to differ
materially from those contained in the forward-looking statements,
including economic and other conditions in the markets in which we
operate, governmental regulations, our competitive environment,
negotiation and ratification of labor contracts, strikes, work
stoppages and slowdowns, changes in aviation and motor fuel prices,
cyclical and seasonal fluctuations in our operating results, and
other risks discussed in the company's Form 10-K and other filings
with the Securities and Exchange Commission, which discussions are
incorporated herein by reference.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including transporting packages and
freight, facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide.
Steve Gaut
404-828-8787
sgaut@ups.com
United Parcel Service (NYSE:UPS)
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