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

TARGET CORP

New facility provides aggregate principal up to $1.0B, expandable by $500M.
Credit Agreement matures October 8, 2026; prior Oct 2024 agreement terminated.
Borrowings bear interest at base rate or term SOFR plus margin based on debt ratings.
Outstanding loans may convert to term loans due one year after termination date.
Includes customary covenants including leverage ratio covenant for Target and subs.

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