TJX prices public offering of $750mn notes due 2021

03 Jun '14

2 min read

The TJX Companies, Inc., the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, announced the pricing of the public offering of $750 million aggregate principal amount of notes due 2021. The notes will bear interest at a rate of 2.750% per annum, beginning June 5, 2014.

The Company intends to use the net proceeds from the sale of the notes to redeem the Company's $400 million aggregate principal amount 4.200% notes due August 15, 2015 and to use the remainder of the net proceeds for working capital and other general corporate purposes. The notes are expected to settle on June 5, 2014, subject to customary closing conditions.

BofA Merrill Lynch, Deutsche Bank Securities Inc., HSBC and Wells Fargo Securities are acting as joint book-running managers. This offering was made under an effective registration statement on file with the Securities and Exchange Commission.

About The TJX Companies, Inc.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. As of May 3, 2014, the end of the Company's first quarter, the Company operated a total of 3,256 stores in six countries, the United States, Canada, the United Kingdom, Ireland, Germany, and Poland, and three e-commerce sites.

TJX Companies

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