Kohl’s Corporation announced the upsize and early tender results for the previously announced cash tender offer for its 9.5 percent Notes due 2025, 4.25 percent Notes due 2025, 4.75 percent Notes due 2023, and 3.25 percent Notes due 2023.
Kohl’s further announced that it had increased the maximum aggregate principal amount of Notes it may purchase in Tender Offer from $1,000,000,000 to $1,043,885,000, which is the aggregate principal amount of notes that had been validly tendered and not validly withdrawn in the tender offer as of the early tender deadline. Based on the New Maximum Amount, Kohl’s expects to accept for purchase all of the Notes validly tendered and not withdrawn at or prior to the Early Tender Deadline.
The settlement for the tender offer is expected to take place on April 13, 2021.
BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are serving as the Lead Dealer Managers for the tender offer.
Photo courtesy Kohl’s
