United Parcel Service, Inc. announced today that it has priced a public offering of €1.2 billion aggregate principal amount of floating rate and fixed rate senior notes in an underwritten registered public offering. The notes will consist of €500 million of floating rate senior notes due 2020 and €700 million of 1.625% senior notes due 2025. The offering is expected to close on November 20, 2015, subject to customary closing conditions.

UPS anticipates using the net proceeds of approximately €1.19 billion from the offering, after estimated expenses and underwriters’ discounts and commissions, for general corporate purposes, including the repayment of commercial paper.

Barclays, BNP PARIBAS, Goldman, Sachs & Co. and Société Générale Corporate & Investment Banking are the active joint book-running managers for the offering.