Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TARGET CORP incurred credit facility of up to $1.0 billion with Bank of America, N.A., as administrative agent at base rate or term SOFR rate (which includes a SOFR adjustment), in each case plu maturing October 16, 2024.
- Instrument
- credit facility
- Principal
- up to $1.0 billion
- Counterparty
- Bank of America, N.A., as administrative agent
- Rate
- base rate or term SOFR rate (which includes a SOFR adjustment), in each case plu
- Maturity
- October 16, 2024
- Event
- incurrence
Exact text from the filing
October 25, 2022, which was scheduled to expire on October 24, 2023. Under the Credit Agreement, the Banks committed to provide loans in an aggregate principal amount of up to $1.0 billion, which may be increased from time to time by up to $500 million. Borrowings under the Credit Agreement bear interest at a base rate or term SOFR rate (which includes a SOFR
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TARGET CORP terminated 364-Day Credit Agreement, dated as of October 25, 2022 (effective 2023-10-18).
- Action
- termination
- Agreement
- credit facility
- Effective
- 2023-10-18
Exact text from the filing
In connection with the entry into the Credit Agreement, Target terminated its prior 364-Day Credit Agreement, dated as of October 25, 2022, which was scheduled to expire on October 24, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TARGET CORP entered into Credit Agreement with banks listed therein; Bank of America, N.A., as administrative agent; Citibank, N.A., as syndication agent; BofA Securities, Inc., Citibank, N.A., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, and U.S. Bank National Association, as joint lead arrangers and joint bookrunners valued at up to $1.0 billion (effective 2023-10-18).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- banks listed therein; Bank of America, N.A., as administrative agent; Citibank, N.A., as syndication agent; BofA Securities, Inc., Citibank, N.A., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, and U.S. Bank National Association, as joint lead arrangers and joint bookrunners
- Value
- up to $1.0 billion
- Effective
- 2023-10-18
Exact text from the filing
On October 18, 2023, Target Corporation (“Target”) entered into a 364-Day Credit Agreement (the “Credit Agreement”) with the banks listed therein (the “Banks”), the co-documentation agents listed therein, Bank of America, N.A., as administrative agent (the “Agent”), Citibank, N.A., as syndication agent, and BofA Securities, Inc., Citibank, N.A., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, and U.S. Bank National Association, as joint lead arrangers and joint bookrunners.
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