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Simpson Thacher Represents Underwriters in $2.5 Billion Notes Offering by Target

03.31.20

Simpson Thacher represented the underwriters in connection with an offering by Target Corporation (“Target”) of $1.5 billion aggregate principal amount of 2.25% Notes due 2025 and $1 billion aggregate principal amount of 2.65% Notes due 2030. The proceeds of the notes offering will be used for general corporate purposes.

Target is a leading operator of large-format general merchandise discount stores in the United States. Target serves guests at 1,868 stores and at Target.com.

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