debt
confidence high
sentiment neutral
materiality 0.55
Macy's prices $500M of 7.375% senior notes due 2033 to refinance debt
Macy's, Inc.
- Priced $500M aggregate principal of 7.375% senior notes due August 1, 2033 at 100% of par.
- Closing expected July 29, 2025; Notes are senior unsecured obligations guaranteed by Macy's, Inc.
- Proceeds, with cash on hand, to fund concurrent tender offer and redeem ~$587M of existing senior notes and debentures.
- Tender Offer and Redemption conditioned on Notes offering consummation; Notes offering not conditioned on them.
item 8.01item 9.01