Target enters $4.0B revolving credit facility, replaces prior $3.0B and $1.0B facilities

TARGET CORP

New $4.0B unsecured revolving credit facility dated Aug 14, 2026; expires Aug 14, 2031, with two 1-year extension options.
Facility can be increased by up to $1.0B subject to conditions; replaces prior $3.0B and $1.0B facilities.
Borrowings bear interest at rates based on type and Target's debt ratings; includes leverage ratio covenant.
Administrative agent: Bank of America; co-syndication agents: Citibank, Wells Fargo; co-documentation agents: JPMorgan, U.S. Bank.

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