Gibson Dunn has represented the underwriters in United Parcel Service’s (UPS) $4 billion debt offering. The senior notes issued include $500 million at 4.650% due in 2030, $1.25 billion at 5.250% due in 2035, $1.25 billion at 5.950% due in 2055, and $1 billion at 6.050% due in 2065. Barclays Capital, Citigroup Global Markets, Goldman Sachs, SG Americas Securities, and Wells Fargo Securities served as joint book-running managers for this transaction.
Additionally, Gibson Dunn advised on UPS’s $170,673,000 offering of floating rate senior notes set to mature in 2075. Joint book-running managers for this offering included Goldman Sachs, J.P. Morgan Securities, Morgan Stanley, RBC Capital Markets, and UBS Securities.
The legal team from Gibson Dunn was led by partners Andrew Fabens and Robert Giannattasio with support from associates Nneka Chukwumah, Kevin Mills, and Mackenzie Alpert. Partner Jennifer Sabin provided tax advice.
