The Firm represented underwriters, led by BofA Merrill Lynch, Goldman, Sachs & Co. and J.P. Morgan, in a public offering of $1 billion principal amount of 3.875% Notes due 2020 of Target Corporation.
The net proceeds of the offering are being used for general corporate purposes.
The offering was Target’s first offering of securities since January 2008.
Target is a leading operator of large-format general merchandise discount stores in the United States.
The Simpson Thacher team for the transaction included, among others, Glenn M. Reiter, Kirsten L. Davis, Ravi Purushotham and Sunny Cheong (Capital Markets), Jonathan Cantor (Tax), and Jennie Getsin (Blue Sky).