secwatch.observer — SEC 8-K summary
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Issuer:     TARGET CORP (TGT)
CIK:        0000027419
Form:       8-K
Filed at:   2025-10-09T23:59:59+00:00
Accession:  0000027419-25-000121
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27419/000002741925000121/0000027419-25-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27419/000002741925000121/tgt-20251009.htm
  HTML page:      https://secwatch.observer/filing/0000027419-25-000121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer