UPS launches $2 bln notes in two-part sale - IFR

Discussion in 'The Latest UPS Headlines' started by cheryl, Mar 20, 2009.

  1. cheryl

    cheryl I started this. Staff Member

  2. pickup

    pickup Well-Known Member

    I thought ups was sitting on a ton of cash. What do they need to raise this money for?
     
  3. IWorkAsDirected

    IWorkAsDirected Outa browns on 04/30/09

    To keep all the corporate people happy, raises, redecorate offices etc????
     
  4. pickup

    pickup Well-Known Member

    what a smuck I am, I thought it was $2 bin notes, not 2 bln (as in 2 billion). After reading the latest posting about ups filing with the sec their plans. I was doing the math and realized the amounts came out to 2 billion dollars. I thought bin notes were some kind of special debt obligations. Now it makes sense.