Target Corporation

09/06/2024 | Press release | Distributed by Public on 09/06/2024 11:15

Material Event Form 8 K

Item 8.01 Other Events.
On September 6, 2024, Target Corporation ("Target") closed the sale of $750 million aggregate principal amount of its 4.500% Notes due 2034 (the "Notes") pursuant to an Underwriting Agreement dated September 3, 2024 (the "Underwriting Agreement") among Target and Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, as representatives of the several underwriters named in Schedule II therein.
The offer and sale of the Notes was registered pursuant to Target's automatic shelf registration statement (the "Registration Statement") on Form S-3 (File No. 333-275713), filed with the U.S. Securities and Exchange Commission (the "SEC") on November 22, 2023. Target has filed with the SEC a prospectus supplement, dated September 3, 2024, together with the accompanying prospectus, dated November 22, 2023, relating to the offer and sale of the Notes.
The Notes were issued pursuant to an Indenture dated as of August 4, 2000 between Target and The Bank of New York Mellon Trust Company, N.A. (as successor to Bank One Trust Company, N.A.), as trustee (the "Trustee"), as supplemented by the First Supplemental Indenture dated as of May 1, 2007 between Target and the Trustee (as so supplemented, the "Indenture").
The foregoing description of the Notes and related agreements is qualified in its entirety by reference to the Underwriting Agreement, the Indenture, and the form of Note. The Underwriting Agreement and the form of Note are filed herewith as Exhibits 1.1 and 4.1, respectively, and are incorporated by reference into the Registration Statement. The Indenture has been filed as Exhibits 4.4 and 4.5 to the Registration Statement. An opinion regarding the validity of the Notes and the related consent thereto are filed herewith as Exhibits 5.1 and 23.1, respectively, and are incorporated by reference into the Registration Statement.