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Published on 6/6/2016 in the Prospect News Investment Grade Daily.

United Parcel Service planning to sell floating-rate notes due 2066

By Lisa Kerner

Charlotte, N.C., June 6 – United Parcel Service, Inc. is pricing floating-rate senior notes due March 15, 2066, according to a 424B5 filing with the Securities and Exchange Commission.

Bookrunners are UBS Investment Bank, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.

Proceeds will be used for general corporate purposes.

The package delivery and supply chain management company is based in Atlanta.


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