European Investor
14 Jul 2025, 22:38
Macy’s, Inc. Announces $500 Million Senior Notes Offering
Macy’s, Inc. (NYSE: M) revealed plans for its subsidiary, Macy’s Retail Holdings, LLC, to issue $500 million in senior unsecured notes due 2033 in a private offering. The notes will be guaranteed on a senior unsecured basis by Macy’s, Inc.
Proceeds from the offering, combined with cash on hand, will be used to:
1. Fund a concurrent tender offer for certain existing debt,
2. Redeem approximately $587 million in outstanding senior notes and debentures,
3. Cover related premiums, fees, and expenses.
The offering is contingent on market conditions but is not dependent on the tender offer or redemption being completed.
The notes will be offered under Rule 144A and Regulation S and will not be registered under the Securities Act of 1933. Macy’s emphasized this release does not constitute an offer to buy or sell securities.
Macy’s, Inc. operates the Macy’s, Bloomingdale’s, and Bluemercury brands, delivering a nationwide and digital retail experience.
Macy’s, Inc. (NYSE: M) revealed plans for its subsidiary, Macy’s Retail Holdings, LLC, to issue $500 million in senior unsecured notes due 2033 in a private offering. The notes will be guaranteed on a senior unsecured basis by Macy’s, Inc.
Proceeds from the offering, combined with cash on hand, will be used to:
1. Fund a concurrent tender offer for certain existing debt,
2. Redeem approximately $587 million in outstanding senior notes and debentures,
3. Cover related premiums, fees, and expenses.
The offering is contingent on market conditions but is not dependent on the tender offer or redemption being completed.
The notes will be offered under Rule 144A and Regulation S and will not be registered under the Securities Act of 1933. Macy’s emphasized this release does not constitute an offer to buy or sell securities.
Macy’s, Inc. operates the Macy’s, Bloomingdale’s, and Bluemercury brands, delivering a nationwide and digital retail experience.