FedEx Sets Financing, Board for FedEx Freight Spinoff

Core Viewpoint - FedEx Freight has secured significant financing through a five-year, $1.2 billion revolving-credit facility and a three-year, $600 million delayed-draw term-loan facility [1]. Financing Details - The revolving-credit facility amounts to $1.2 billion and has a duration of five years [1]. - The delayed-draw term-loan facility is valued at $600 million and spans three years [1].