The Firm represented the underwriters, led by Barclays, BofA Merrill Lynch, J.P. Morgan, Goldman, Sachs & Co. and Citigroup, in a public offering of $1,500,000,000 principal amount of 4.000% Notes due 2042 of Target Corporation.
The net proceeds of the offering are being used for general corporate purposes.
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 and Jae Chung (Capital Markets), Jonathan Cantor and Andrew Purcell (Tax), and Jennie Getsin (Blue Sky).