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UPS News

Why Do Firms Go Public Through Debt Instead of Equity? – Columbia Law School

Private firms can gain access to capital markets in several ways. The most well-known approach is through an initial public offering (IPO) of equity, and high-profile firms typically attract a large amount of attention from the popular press when they go public. However, a less publicized approach is going public through an initial public debt offering (IPDO), an alternative option for tapping public markets. One example of an IPDO firm that issued public debt (through a private subsidiary) before issuing public equity is United Parcel Service Inc. The company was founded in 1907, filed its IPO S-1 registration statement on July 21, 1999, and began trading its equity publicly on November 30, 1999. However, the company carried out an IPDO in December 1989, when it issued 8.375 percent 30-year debentures maturing in 2020 for $700 million through its private subsidiary, United Parcel Service of America Inc. The size of this debt offering was in the top 2 percent of all public debt issues that year.

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UPS News

‘We were just the hands that God used’; Nurses save UPS driver in cardiac arrest – WSET

Brandi Creasy, a registered nurse with Centra Health, said nothing was going right Wednesday evening because her child was sick, she missed church, her gas light turned on, she pulled over and then things turned around.

“Something was pulling on my heart and I felt like the lord was telling me to turn around,” she said.

A UPS truck was stopped, in the middle of Somerset Drive in Forest.

Creasy said the driver was unresponsive and physically blue, so she started giving him CPR while he was sitting up in the driver’s seat.

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UPS News

UPS guy delivers the best selfies whenever he drops off a package – Mashable

Someone give this man a raise. And maybe a modeling gig.

When this UPS driver delivers packages to Reddit user u/deadleaf_shrimp’s apartment, the building mailroom emails its residents with a picture. As deadleaf_shrimp writes in a post, the email is supposed to include a photo of the shipping label.

Instead, a certain driver got creative.

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UPS News

Couple fed up with people parking in handicap spots – News 10

After spotting a delivery driver parked in a handicapped spot one local couple is taking things into their own hands and asking people to think twice before parking somewhere they shouldn’t.

John Lacomb says parking abuse is frequent in Clifton Park but he’s fed up after spotting this on Tuesday while he and his wife were stopping at Staples.

“When we pulled in, we noticed a UPS driver parked in a handicapped spot.”

This hit home because Lacomb and his wife work with people who may need that very spot.

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UPS News

Teamsters plan ‘vote no’ rally for UPS contract – Louisville Business First

Teamsters in Louisville are planning a “vote no” rally on Friday, urging union members not to ratify a tentative labor deal between union leadership and United Parcel Service Inc.

The International Brotherhood of Teamsters announced in June that it had reached a tentative national labor deal with Atlanta-based UPS (NYSE: UPS) that included full-time job opportunities for part-time workers and improved the part-time wage structure and start rate.

The national contract was negotiated by leadership at the International Brotherhood of Teamsters, but it isn’t final until a majority of members ratify it. And some groups in the Teamster ranks are urging fellow members to vote against it. Leaders at Teamsters Local 89, which represents workers in Louisville, are staging the “vote no” rally, which is planned at UPS’s Bluegrass Parkway facility.