Macy’s, Inc. Announces Debt Tender Offer
Macy’s, Inc. (NYSE:M) today announced that its wholly owned subsidiary, Macy’s Retail Holdings, LLC (the “Company”), has commenced a cash tender offer (the “Tender Offer”) to purchase up to $500 million in aggregate principal amount (the “Maximum Tender Offer Amount”), subject to the Tender Caps (as shown below) of its outstanding notes listed in the table below (collectively, the “Notes”), in the order of priority shown in the table.
The terms and conditions of the Tender Offer are described in an Offer to Purchase dated March 2, 2021 (the “Offer to Purchase”). The Tender Offer is subject to the satisfaction of certain conditions as set forth in the Offer to Purchase. Capitalized terms used in this press release and not defined herein have the meanings given to them in the Offer to Purchase.
|
CUSIP |
Title of Security |
Aggregate |
Tender |
Acceptance |
Tender Offer |
Early |
Total Tender |
|
55616XAF4 |
3.875% Senior Notes due 2022 |
$450,003,000 |
$150,000,000 |
1 |
$988.75 |
$30.00 |
$1,018.75 |
|
55616XAK3 |
4.375% Senior Notes due 2023 |
$210,173,000 |
N/A |
2 |
$1,000.00 |
$30.00 |
$1,030.00 |
|
577778AZ6 |
7.600% Senior Debentures due 2025 |
$24,265,000 |
N/A |
3 |
$1,030.00 |
$30.00 |
$1,060.00 |
|
577778CB7/ |
6.650% Senior Debentures due 2024 |
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