Target to price notes due 2026 and 2046 for planned tender offer

By Aleesia Forni

New York, April 4 – Target Corp. intends to price senior notes in two parts, according to a 424B2 filed with the Securities and Exchange Commission.

The offering is expected to include tranches due 2026 and 2046.

Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch, Deutsche Bank Securities Inc. and Goldman Sachs & Co. and are the joint bookrunners.

Proceeds will be used for a tender offer and for general corporate purposes.

The discount merchandise chain is based in Minneapolis.

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