8-KRegulation FDExhibits & Filings

TARGET CORP 8-K Report, Regulation FD Disclosure (Dec 22, 2009)

Filed December 22, 2009For Securities:TGT

Summary

This 8-K filing from Target Corporation, dated December 22, 2009, primarily serves as a Regulation FD disclosure. The company, through its wholly-owned subsidiaries Target Receivables Corporation and Target National Bank, delivered monthly reports concerning the Floating Rate Class A Asset Backed Notes, Series 2005-1, and related subordinated interests. These notes were issued by the Target Credit Card Owner Trust 2005-1. The furnished exhibits include the Series 2005-1 Monthly Servicer's Certificate, Collateral Certificateholders' Statement, and Administrator's Statement, all pertaining to the monthly period ending November 28, 2009. For investors, this filing indicates the ongoing financial reporting and transparency related to Target's securitized credit card assets during a period of economic uncertainty.

Key Highlights

  • 1Target Corporation is providing monthly financial reports for its credit card asset-backed notes.
  • 2The reports cover the Series 2005-1 Floating Rate Class A Asset Backed Notes and Subordinated Interests.
  • 3These financial instruments are part of the Target Credit Card Owner Trust 2005-1.
  • 4The reporting period for the furnished documents is the monthly period ending November 28, 2009.
  • 5The filing is made through Target's wholly-owned subsidiaries, Target Receivables Corporation and Target National Bank.
  • 6This is a Regulation FD disclosure, ensuring timely and broad public dissemination of material information.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose under Regulation FD that Target Corporation has provided monthly reports related to its asset-backed notes to the Trustee. These reports offer insights into the performance of its securitized credit card assets.

The reports pertain to the Floating Rate Class A Asset Backed Notes, Series 2005-1, and the Subordinated Interests, Series 2005-1, which were issued by the Target Credit Card Owner Trust 2005-1.

The furnished reports, including the Servicer's Certificate, Collateral Certificateholders' Statement, and Administrator's Statement, cover the monthly period ending November 28, 2009.

These reports are being delivered by Target Corporation through its wholly-owned subsidiaries, Target Receivables Corporation and Target National Bank.