Gibson Dunn Represented the Underwriters in UPS’s $4 Billion Debt Offering

Firm News  |  May 21, 2025

Gibson Dunn represented the underwriters in United Parcel Service’s (UPS) $4 billion offering of senior notes, comprising: $500 million 4.650% senior notes due 2030; $1.25 billion 5.250% senior notes due 2035; $1.25 billion 5.950% senior notes due 2055; and $1 billion 6.050% Senior Notes due 2065. Barclays Capital, Citigroup Global Markets, Goldman Sachs, SG Americas Securities, and Wells Fargo Securities acted as joint book-running managers for the offering.

Gibson Dunn also advised the underwriters on UPS’s $170,673,000 offering of floating rate senior notes due 2075. Goldman Sachs, J.P. Morgan Securities, Morgan Stanley, RBC Capital Markets, and UBS Securities acted as joint book-running managers for the offering.

Our team was led by partners Andrew Fabens and Robert Giannattasio and included associates Nneka Chukwumah, Kevin Mills, and Mackenzie Alpert. Partner Jennifer Sabin advised on tax.