Target Files Final Term Sheet For $750M 4.500% Notes Due 2034
Portfolio Pulse from Benzinga Newsdesk
Target Corporation has filed a final term sheet with the SEC for the issuance of $750 million in 4.500% notes due in 2034.
September 03, 2024 | 7:50 pm
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NEUTRAL IMPACT
Target Corporation is issuing $750 million in 4.500% notes due in 2034, as per their SEC filing.
The issuance of $750 million in notes could impact Target's credit profile and financial strategy. However, the direct short-term impact on stock price is likely neutral as this is a common financial maneuver for large corporations to manage debt and fund operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100