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United Parcel Service logoUnited Parcel Service UPS

The company entered into an Underwriting Agreement with underwriters on May 23, 2024 to sell $213,003,000 principal amount of Floating Rate Senior Notes due 2074.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company entered into an Underwriting Agreement with underwriters on May 23, 2024 to sell $213,003,000 principal amount of Floating Rate Senior Notes due 2074.

  2. United Parcel Service said it intends to use the net proceeds of the Transaction for general corporate purposes.

  3. The company said it is filing this 8-K with the SEC to file items related to the Transaction for incorporation by reference into its Registration Statement on Form S-3ASR (Registration No. 333-267664).

  4. The company attached the Underwriting Agreement as Exhibit 1.1 and the Form of Floating Rate Senior Notes due 2074 as Exhibit 4.1, and portions of Exhibit 1.1 were redacted under Item 601(a)(5) of Regulation S-K.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Floating Rate Senior Notes due 2074 Underwriting Agreement

The company entered into an Underwriting Agreement with underwriters on May 23, 2024 to sell $213,003,000 principal amount of Floating Rate Senior Notes due 2074.

Source · Based on the filing body and exhibits

Use of Net Proceeds

United Parcel Service said it intends to use the net proceeds of the Transaction for general corporate purposes.

Source · Based on the filing body and exhibits

Purpose of Incorporation by Reference into Form S-3ASR Registration Statement

The company said it is filing this 8-K with the SEC to file items related to the Transaction for incorporation by reference into its Registration Statement on Form S-3ASR (Registration No. 333-267664).

Source · Based on the filing body and exhibits

Exhibits and Partial Redaction

The company attached the Underwriting Agreement as Exhibit 1.1 and the Form of Floating Rate Senior Notes due 2074 as Exhibit 4.1, and portions of Exhibit 1.1 were redacted under Item 601(a)(5) of Regulation S-K.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.