---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-25-000121"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2025-10-09T23:59:59+00:00"
generated_at: "2026-05-17T04:15:16.968948+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000027419-25-000121
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2025-10-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 1.02, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27419/000002741925000121/0000027419-25-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741925000121/tgt-20251009.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-25-000121
- JSON: https://secwatch.observer/filing/0000027419-25-000121.json
- Plain text: https://secwatch.observer/filing/0000027419-25-000121.txt

## Key facts
- Debt Financings
  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, in each case plus an applicable margin maturing October 8, 2026.
  - 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, in each case plus an applicable margin
  - Maturity: October 8, 2026
  - Event: incurrence
  source text: October 15, 2024, which was scheduled to expire on October 14, 2025. 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, in each case plus an
  evidence_url: https://www.sec.gov/Archives/edgar/data/27419/000002741925000121/0000027419-25-000121-index.htm

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