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TARGET CORP 8-K Report, Corporate Update (Jun 10, 2025)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed June 10, 2025
Period End
June 10, 2025
Security
TGT
In the record · 2016–202610-K1110-Q328-K125

TGT filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 125 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Oct ’16Oct ’16
  2. Leadership change8-K · Aug ’20Aug ’20
  3. Leadership change8-K · Aug ’22Aug ’22
  4. Material agreement8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed June 10, 2025. Cited figures are marked; the original filing is the authoritative source.

Target Corporation (TGT) announced the successful closing of a significant debt financing round on June 10, 2025.

The company issued a total of $1 billiona in new notes, comprised of $500 million in 4.350% Notes due 2028 and $500 million in 5.250% Notes due 2036. This offering was conducted under Target's existing shelf registration statement and was facilitated by a syndicate of underwriters including Barclays Capital Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC.

The issuance of these notes indicates Target's proactive management of its capital structure and its access to public debt markets. Investors should note the specific interest rates and maturity dates, which reflect current market conditions and Target's credit profile. The proceeds from this issuance are not explicitly detailed in this filing, but such financings are typically used for general corporate purposes, including working capital, capital expenditures, and potential debt refinancing.

02—Key points

Key Highlights

  1. Target Corporation closed the sale of $1 billion in aggregate principal amount of new debt notes on June 10, 2025.
  2. The new issuance includes $500 million of 4.350% Notes due 2028.
  3. The new issuance also includes $500 million of 5.250% Notes due 2036.
  4. The debt offering was executed under Target's existing shelf registration statement filed on Form S-3.
  5. Key underwriters for the offering included Barclays Capital Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC.
  6. The notes were issued pursuant to an established Indenture dated August 4, 2000, as supplemented.

03—Questions

Frequently Asked Questions

  1. What was the total amount of debt Target Corporation issued?

    Target Corporation issued a total of $1 billion in aggregate principal amount of debt notes.

  2. What are the specific terms of the new notes issued by Target?

    Target issued $500 million of 4.350% Notes due 2028 and $500 million of 5.250% Notes due 2036.

  3. What is the purpose of this debt issuance?

    This filing does not explicitly state the purpose of the debt issuance. However, such issuances are typically used for general corporate purposes, which can include working capital, capital expenditures, debt refinancing, or other strategic initiatives.

  4. Under what registration statement was this debt offered?

    The offer and sale of the notes were registered under Target's automatic shelf registration statement on Form S-3 (File No. 333-275713).

04—Continue

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