30 04 2016

Target Corporation's $2 Billion Notes Offering

Simpson Thacher represented the underwriters, led by Barclays Capital Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, in connection with an offering by Target Corporation of $1 billion aggregate principal amount of 2.5% Notes due 2026 and $1 billion aggregate principal amount of 3.625% Notes due 2046.


The proceeds of the notes offering will be used to pay for Target Corporation’s cash tender offers for up to a maximum aggregate purchase price of $1.8 billion of various series of its outstanding notes and debentures and for general corporate purposes, including the potential refinancing of upcoming debt maturities.  Target is a leading operator of large-format general merchandise discount stores in the United States. Target serves guests at 1,793 stores and at Target.com. The company, led by Brian C Cornell, Casey L Carl, Catherine R Smith, John J Mulligan and Mike McNamara, is based in Minneapolis (MN). The Simpson Thacher team included: Risë B. Norman, (Picture) Alexander Muller and Patrick H. Vergara (Capital Markets); Jonathan Cantor and Andrew B. Purcell (Tax); Alina Grinman (Executive Compensation and Employee Benefits); Adeeb R. Fadil (Environmental); Monica Chan (Intellectual Property); and Jennie Getsin (Blue Sky). Involved fees earner: Risë Norman - Simpson Thacher & Bartlett; Alexander Muller - Simpson Thacher & Bartlett; Patrick Vergara - Simpson Thacher & Bartlett; Jonathan Cantor - Simpson Thacher & Bartlett; Andrew Purcell - Simpson Thacher & Bartlett; Alina Grinman - Simpson Thacher & Bartlett; Adeeb Fadil - Simpson Thacher & Bartlett; Monica Chan - Simpson Thacher & Bartlett; Jennie Getsin - Simpson Thacher & Bartlett;

IAIR TV

see all videos

LATEST ISSUE
Powered by Share Trading

Everlasting
POPULAR ARTICLES
Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr

Will Brexit break London's place as FinTech Capital?

17/11/2016

Fintech, it’s described as the disruption in financial services pushed by consume

Le Fonti IAIR Awards 2016 celebrates excellences in London.

17/10/2016

On October 14th, 2016, the world’s leading corporate stars aligned for a momentou

IAIR AWARDS 2016 IN NEW YORK: EMONEY ADVISOR, C.A.S.H., CREDIT SUISSE AND CHEETAH MOBILE AMONG THE WINNERS

15/04/2016

More than 19 Excellences in the global economy at the VI Annual Edition of IAIR AWARDS&

IAIR AWARDS & CEO SUMMIT 2015 IN DUBAI

20/11/2015

It took place on 19 November 2015 at Palace Downtown in Dubai the 19th edition of the I