M
ME NEWS
11 Jun 2025, 08:09
Target Corporation Completes $1 Billion Debt Offering
Target Corporation has successfully closed a $1 billion debt offering, consisting of two tranches of senior notes. The company issued $500 million of 4.350% Notes due 2028 and another $500 million of 5.250% Notes due 2036. The offering was completed on June 10, 2025, under an underwriting agreement dated June 5, with Barclays Capital Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC acting as joint book-running managers.
The debt securities were issued under Target’s automatic shelf registration statement filed in November 2023 and governed by the company’s existing indenture with The Bank of New York Mellon Trust Company, N.A. Proceeds from the offering are expected to be used for general corporate purposes.
This latest issuance reinforces Target’s ongoing capital management strategy while securing attractive long-term financing amid evolving market conditions.
Target Corporation has successfully closed a $1 billion debt offering, consisting of two tranches of senior notes. The company issued $500 million of 4.350% Notes due 2028 and another $500 million of 5.250% Notes due 2036. The offering was completed on June 10, 2025, under an underwriting agreement dated June 5, with Barclays Capital Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC acting as joint book-running managers.
The debt securities were issued under Target’s automatic shelf registration statement filed in November 2023 and governed by the company’s existing indenture with The Bank of New York Mellon Trust Company, N.A. Proceeds from the offering are expected to be used for general corporate purposes.
This latest issuance reinforces Target’s ongoing capital management strategy while securing attractive long-term financing amid evolving market conditions.
