UPS agrees to sell $2 billion in notes

UPS Inc. has agreed to sell $2 billion in senior notes, the company said in a regulatory filing Friday.

The world's largest package delivery company said it plans to sell $1.5 billion in 3.125 percent senior notes due 2021 and $500 million in 4.875 percent senior notes due 2040.

JPMorgan and Morgan Stanley are lead underwriters. UPS is based in Atlanta.

Its shares fell 44 cents to $67.84 in afternoon trading.