debt
confidence high
sentiment neutral
materiality 0.50
Kohl's prices $360M 10% senior secured notes due 2030 to refinance debt
KOHLS Corp
- $360M aggregate principal of 10.000% senior secured notes due 2030.
- Notes secured by 11 distribution centers and e-commerce fulfillment facilities in new holding company.
- Net proceeds to repay revolver borrowings; will then borrow to repay 4.25% notes due 2025.
- Offering expected to close May 30, 2025, made to QIBs and non-U.S. persons.