New York, April 04, 2016 -- Moody's Investors Service assigned a Baa2 rating to FedEx Corporation's new euro-denominated senior unsecured notes announced earlier today. Some of the proceeds will help fund the planned EUR4.4 billion acquisition of TNT Express N.V. (Baa2, stable), which FedEx anticipates will occur sometime before 30 June 2016. Certain of the company's subsidiaries will guarantee the new notes. The terms of the notes provide for a special mandatory redemption at 101% of par if the acquisition of TNT is not declared unconditional or or before 15 October 2016, or if prior to such date, the merger agreement or the public share offer is terminated. Either party may terminate the merger agreement if certain conditions precedent are not satisfied or waived by the relevant party before 6 June 2016.

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