UPS Prices €1.2 Billion Senior Notes Offering

Discussion in 'UPS Pressroom News' started by ROBO MOD, Nov 13, 2015.


    ROBO MOD I'm a Robot Staff Member

    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 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.