---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-24-000171"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:57:04.518285+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Target enters new $1.0B 364-day credit facility, replaces prior agreement

## Summary
- New $1.0B unsecured 364-day credit agreement (expandable by $500M) with syndicate of banks, expiring Oct 14, 2025.
- Replaces prior 364-day credit agreement dated Oct 18, 2023, which was scheduled to expire Oct 16, 2024.
- Borrowings bear interest at base rate or term SOFR plus margin based on Target's debt ratings; includes customary leverage ratio covenant.
- Outstanding loans may be converted to term loans due one year after termination date at Target's option.

## SEC filing metadata
- accession: 0000027419-24-000171
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27419/000002741924000171/0000027419-24-000171-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741924000171/tgt-20241015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-24-000171
- JSON: https://secwatch.observer/filing/0000027419-24-000171.json
- Plain text: https://secwatch.observer/filing/0000027419-24-000171.txt

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