Macy's planning to sell senior notes offering Tuesday

By Aleesia Forni

Virginia Beach, Va., Sept. 3 - Macy's Retail Holdings Inc. is planning to price an offering of senior notes during Tuesday's session, according to an informed source and a filing with the Securities and Exchange Commission.

BofA Merrill Lynch, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are the joint bookrunners.

Proceeds from the sale will be used for general corporate purposes, which may include working capital, capital expenditures, retirement of indebtedness and repurchasing outstanding common stock.

The notes will be guaranteed by Macy's Inc.

The department store holding company is based in Cincinnati.

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