Target Corporation announced the early tender results for its previously announced tender offers (the “Tender Offers”) to purchase for cash up to the Maximum Payment Amount (as defined below) of its notes or debentures listed in the table below (collectively, the “Notes” and each a “series” of Notes). In addition, Target has determined that the financing condition described in the Tender Offer Documents (as defined below) has been satisfied.
All other terms of the Tender Offers, as previously announced, remain unchanged. The Tender Offers are being made solely pursuant to the offer to purchase and related letter of transmittal, each dated June 17, 2014 (as they may be amended or supplemented, the “Tender Offer Documents”). Target refers investors to the Tender Offer Documents for the complete terms of the Tender Offers.
As of the previously announced early tender date and time of 5:00 p.m., New York City time, on June 30, 2014 (the “Early Tender Date”), $1,367,233,000 aggregate principal amount of Notes had been validly tendered and not validly withdrawn. Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on June 30, 2014.