Target’s $1 Billion Notes Offering

Simpson Thacher represented the underwriters in connection with an offering by Target Corporation of $1 billion aggregate principal amount of 3.375% Notes due 2029.

The proceeds of the notes offering will be used for general corporate purposes, including the potential refinancing of upcoming debt maturities.

Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc., U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC, HSBC Securities (USA) Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, TD Securities (USA) LLC, Fifth Third Securities, Inc., SMBC Nikko Securities America, Inc., Academy Securities, Inc., Loop Capital Markets LLC and Samuel A. Ramirez & Company, Inc. acted as underwriters in the deal.

Target is a leading operator of large-format general merchandise discount stores in the United States. Target serves guests at 1,844 stores and at Target.com.

The Simpson Thacher team included Risë B. Norman (Picture) and Ashley Yoon (Capital Markets); Jonathan Cantor and Christopher Murray (Tax); Ashlie Lawton (Executive Compensation and Employee Benefits); Adeeb R. Fadil (Environmental); Melanie Jolson (Intellectual Property); and Jennie Getsin (Blue Sky).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Ashlie Lawton – Simpson Thacher & Bartlett; Christopher Murray – Simpson Thacher & Bartlett; Risë Norman – Simpson Thacher & Bartlett; Ashley Sunha Yoon – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Academy Securities Inc.; Barclays Capital; Citigroup Global Markets Ltd; Deutsche Bank Securities; Fifth Third Securities, Inc.; Goldman Sachs & Co.; HSBC Securities; J.P. Morgan Securities LLC; Loop Capital Markets; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Mizuho Securities; MUFG Securities Americas Inc. ; RBC Capital Markets; Samuel A. Ramirez & Company, Inc.; SMBC Nikko Securities America; TD Securities; U.S. Bancorp Investments; Wells Fargo Securities;

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Author: Ambrogio Visconti