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FedEx Corporation has established new credit facilities worth $1.2 billion and $600 million in preparation for the planned spin-off of its subsidiary, FedEx Freight Holding Company. The credit facilities are designed to provide financial flexibility and support the strategic spin-off. FedEx Freight will incur customary agency fees, commitment fees, and ticking fees for undrawn commitments. The facilities will terminate on specific conditions related to the spin-off and funding dates.

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