Simpson Thacher Represents Dealer Managers in Upsized Cash Tender Offers by Target
10.09.20
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Simpson Thacher represented the dealer managers in connection with cash tender offers by Target Corporation (“Target”) for certain series of its outstanding notes and debentures.
Following the early settlement and upsize of the tender offers, Target accepted for purchase approximately $1.768 billion aggregate principal amount of notes and debentures for the amended maximum tender amount of $2.246 billion, upsized from the original maximum tender amount of $1.75 billion.
Target is a leading operator of large-format general merchandise discount stores in the United States. Target serves guests at 1,871 stores and at Target.com.
The Simpson Thacher team for the transaction included Risë B. Norman and Sean Dougherty (Capital Markets); and Jonathan E. Cantor and Suzy Yaster (Tax).