TARGET CORP (TGT) Form 8-K — Aug 14, 2026
$TGTForm 8-KItems 1.01, 1.02, 2.03, 9.01Filed Aug 14, 2026, 4:42 PM ET0000027419-26-000032Original filing
Target Corporation entered into a new $4.0 billion unsecured revolving credit facility on August 14, 2026, with Bank of America, N.A. as administrative agent alongside Citibank, Wells Fargo, JPMorgan Chase and U.S. Bank in agent roles. The five-year facility matures August 14, 2031, carries two one-year extension options, and permits an increase of up to an additional $1.0 billion.
Key figures
- Debt Amount
- 4000000000
- Maturity Date
- 2031-08-14
- Pricing
- interest varies by loan type (Base Rate / Term SOFR) and Target's debt ratings
- Extension options
- two one-year extension options
- Minimum borrowing usd
- 25000000
- Secured debt covenant
- secured debt limited to 20% of Consolidated Tangible Net Worth
- Accordion increase usd
- 1000000000
- Change of control threshold
- 50% of voting power
- Material debt threshold usd
- 250000000
- Terminated prior facilities
- ["$3.0 billion five-year credit agreement dated 2021-10-18 (was to expire 2028-10-18)","$1.0 billion 364-day credit agreement dated 2025-10-09 (was to expire 2026-10-08)"]
Price after filing
1 day: 0.0%7 days: +7.1%30 days: +0.9%
Close on the filing date to close N calendar days later (from $154.48). Historical, not a forecast.
AI analysis
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