Financing ·
Target Corporation entered into a new $4.0 billion unsecured five-year revolving credit facility on August 14, 2026…
TGTTarget Corp
Target Corporation entered into a new $4.0 billion unsecured five-year revolving credit facility on August 14, 2026, with Bank of America as administrative agent. The agreement allows Target to increase commitments by up to an additional $1.0 billion and expires on August 14, 2031, with two one-year extension options. Concurrently, the company terminated its prior $3.0 billion five-year credit agreement and its $1.0 billion 364-day credit agreement. This refinancing activity replaces existing debt facilities with a new structure that includes customary covenants, including leverage ratio requirements. Target Corporation operates as a large-scale general merchandise retailer in the United States.