secwatch.observer — SEC 8-K summary
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Issuer:     TARGET CORP (TGT)
CIK:        0000027419
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0000027419-22-000029
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27419/000002741922000029/0000027419-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27419/000002741922000029/tgt-20221025.htm
  HTML page:      https://secwatch.observer/filing/0000027419-22-000029

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