Target’s $2 Billion Notes Offering

Simpson Thacher represented Barclays, BofA Securities, Citigroup, Deutsche Bank Securities. Goldman Sachs & Co. LLC, J.P. Morgan, US Bancorp, Wells Fargo, Securities, Fifth Third Securities, HSBC, Mizuho Securities, MUFG, RBC Capital Markets?, SMBC Nikko, TD Securities, Academy Securities, Loop Capital Markets and Ramirez & Co. as the underwriters on the deal; while Faegre Drinker Biddle & Reath LLP advised Target Corporation on the deal.

Target Corporation announced its $1 billion aggregate principal amount of 1.95% Notes due 2027 and $1 billion aggregate principal amount of 2.95% Notes due 2052. The proceeds of the notes offering will be used for general corporate purposes.

Target is a leading operator of large-format general merchandise discount stores in the United States. Target serves guests at 1,924 stores and at Target.com.

The Simpson Thacher team included Risë B. Norman (Picture) and Asha Amin (Capital Markets); Jonathan Cantor and Adam Hersch (Tax); Joo Hyun Lee (Executive Compensation and Employee Benefits); Adeeb R. Fadil (Environmental); Melanie Jolson (Intellectual Property); and Jennie Getsin (Blue Sky).

Involved fees earner: Asha Amin – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Adam Hersch – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Joo Hyun Lee – Simpson Thacher & Bartlett; Risë Norman – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Academy Securities; Barclays Bank; BofA Securities India Limited (DSP Merrill Lynch Limited); Citigroup Inc.; Deutsche Bank Securities; Fifth Third Securities, Inc.; Goldman Sachs & Co.; HSBC; J.P. Morgan (S.E.A.) Limited; Loop Capital Markets; Mizuho Bank; MUFG; Ramirez & Co.; RBC Capital Markets; Smbc Nikko Capital Markets Limited; TD Securities; US Bancorp; Wells Fargo Securities;

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Author: Youness Semri