FedEx to cut debt by 11% after dollar, euro note offerings

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11 shares, 63 points
FedEx to cut debt by 11% after dollar, euro note offerings© Reuters. FILE PHOTO: A FedEx truck is driven through downtown in Los Angeles, California, U.S., July 22, 2019. REUTERS/Mike Blake

(Reuters) – U.S. delivery firm FedEx Corp (NYSE:) on Tuesday said it would reduce its debt by 11% after it completes offerings of $ 1.75 billion of U.S. dollar-denominated notes and 1.25 billion euro-denominated notes.

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Author: Reuters
This post originally appeared on Stock Market News

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63
11 shares, 63 points

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