---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-22-000029"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2022-10-25T23:59:59+00:00"
generated_at: "2026-06-23T01:25:46.865580+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Target enters $1.0B 364-day credit facility with option to upsize by $500M

## Summary
- Credit agreement with Bank of America as admin agent, Citi as syndication agent, and several co-lead arrangers.
- Facility matures October 24, 2023; borrowings bear interest at base rate or term SOFR plus margin tied to debt ratings.
- Target may convert outstanding loans into term loans due one year after the termination date.
- Includes a leverage ratio financial covenant and customary events of default.

## SEC filing metadata
- accession: 0000027419-22-000029
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2022-10-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27419/000002741922000029/0000027419-22-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741922000029/tgt-20221025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-22-000029
- JSON: https://secwatch.observer/filing/0000027419-22-000029.json
- Plain text: https://secwatch.observer/filing/0000027419-22-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.