debt
confidence high
sentiment positive
materiality 0.55
Macy's launches $220M cash tender offer for seven note series; early deadline Sept 17
Macy's, Inc.
- Up to $220M aggregate purchase price for seven series of senior notes and debentures, funded with cash on hand.
- Early tender deadline is 5:00 p.m. NY time on Sept 17, 2024; early settlement expected Sept 19.
- Tender offer expires Oct 2, 2024; final settlement expected Oct 4 if not fully purchased early.
- Notes accepted in priority order (1 highest to 7 lowest); proration possible if oversubscribed.
- Soliciting broker fee of $2.50 per $1,000 principal for small holders (≤$250,000) of eligible notes.