Summary
TJX Companies, Inc. (TJX) announced on July 20, 2009, that it entered into an underwriting agreement to issue $400 million in aggregate principal amount of 4.200% notes due 2015. This debt offering is expected to close on July 23, 2009. The notes will be issued under a supplemental indenture with U.S. Bank National Association serving as trustee. This filing is primarily to disclose the details of this debt issuance. The company is also furnishing exhibits, including the Underwriting Agreement and a Computation of Ratio of Earnings to Fixed Charges, for incorporation by reference into its existing Form S-3 registration statement. Investors should note that this is a financing event and not related to operational performance updates.
Key Highlights
- 1TJX Companies Inc. plans to issue $400 million in 4.200% notes due 2015.
- 2The underwriting agreement was signed on July 20, 2009.
- 3The offering is expected to close on July 23, 2009.
- 4Proceeds from the notes are intended to supplement the company's capital structure.
- 5The notes will be governed by a supplemental indenture with U.S. Bank National Association as trustee.
- 6Key exhibits, including the underwriting agreement and earnings to fixed charges ratio, are being filed.
- 7This is a debt financing activity, not an operational or earnings announcement.