Dive Summary:
- Target plans to sell off around $209.3 worth of debt and refinance $679 million worth of debt due between 2028 and 2031.
- The $209.3 million represents between 20% and 38.32% of the totals of three security titles.
- This latest debt sale follows the retailer's sale of $5.9 billion in credit card debt to TD Bank in October after nearly two years of searching for a buyer.
From the article:
Target announced that it will sell off about $209.3 million worth of debt as the company moves to refinance $679 million worth of debt due between 2028 and 2031, the mass merchandise retailer said. ...