secwatch.observer — SEC 8-K summary
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Issuer:     KOHLS Corp (KSS)
CIK:        0000885639
Form:       8-K
Filed at:   2025-05-30T23:59:59+00:00
Accession:  0001193125-25-132274
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kohl's closes $360M 10% senior secured notes due 2030; proceeds repay revolver
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- $360M aggregate principal of 10.000% senior secured notes due 2030 issued.
- Notes secured by 100% equity of PropCo and first-priority liens on 11 distribution centers.
- Net proceeds used to repay borrowings under revolving credit facility; company expects to borrow under revolver to repay 4.25% notes due 2025 at maturity.
- Notes mature June 1, 2030; interest payable June 1 and Dec 1 beginning Dec 1, 2025.
- Change of control repurchase event triggers offer to repurchase notes at 101% of principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885639/000119312525132274/0001193125-25-132274-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885639/000119312525132274/d944482d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-132274

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