India, July 14 -- Macy's Inc. (M) announced that its wholly-owned subsidiary, Macy's Retail Holdings, LLC, priced an offering of $500 million in aggregate principal amount of 7.375% senior notes due 2033 in a private offering at an offering price of 100% of the principal amount thereof. The Notes will have a maturity date of August 1, 2033.
The closing of the offering of the Notes is expected to occur on July 29, 2025, subject to customary closing conditions. The Notes will be senior unsecured obligations of the Issuer and will be unconditionally guaranteed on a senior unsecured basis by the Company.
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The company plans to use the proceeds from the offerin...