Macy's, Inc. (M): debt financing — Macy's issues $500M of 7.375% senior notes due 2033 to fund tender offer and debt redemption

Macy's, Inc.

Issued $500M aggregate principal of 7.375% senior notes due 2033 at par; interest payable semi-annually starting Feb 1, 2026.
Proceeds, with cash on hand, to fund up to $250M tender offer (upsized from $175M) and redeem ~$587M of other outstanding notes.
Tender offer early results: $223.9M of 5.875% notes due 2030 accepted (67.93% proration); other series fully accepted.
Tender offer expiration remains Aug 11, 2025, but no further acceptances expected after early settlement on July 29, 2025.
Notes are senior unsecured obligations of Macy's Retail Holdings, LLC, guaranteed by Macy's, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Macy's, Inc. incurred senior notes of $500 million with U.S. Bank Trust Company, National Association at 7.375% maturing August 1, 2033.

Instrument: senior notes
Principal: $500 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.375%
Maturity: August 1, 2033
Event: incurrence

Exact text from the filing

On July 29, 2025, Macy’s Retail Holdings, LLC (the “Issuer”), a wholly owned subsidiary of Macy’s, Inc. (the “Company”), issued $500 million in aggregate principal amount of 7.375% senior notes due 2033 (the “Notes”) in a private offering at an offering price of 100% of the principal amount thereof (the “Notes Offering”).

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Macy's, Inc. filing history →

Source: SEC EDGAR

accession 0000794367-25-000137

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