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Federated prices $1.6 bn senior notes offering

08
Mar '07
Federated Department Stores Inc announced the pricing of the public offering of $1.1 billion aggregate principal amount of senior notes due 2012 and $500 million aggregate principal amount of senior notes due 2037 by its wholly owned subsidiary, Federated Retail Holdings Inc.

The 2012 senior notes will bear interest at a rate of 5.35 percent per annum and the 2037 notes will bear interest at a rate of 6.375 percent per annum. The senior notes will be fully and unconditionally guaranteed on a senior unsecured basis by Federated Department Stores.

The transaction is expected to close on or about March 12, 2007, subject to market conditions and other factors. The net proceeds from the offering will be used by Federated Retail Holdings to repay commercial paper borrowings incurred in connection with its previously announced accelerated share repurchase programs and for general corporate purposes.

Credit Suisse Securities (USA) LLC is acting as the global coordinator and Banc of America Securities LLC, Goldman, Sachs & Co. and J.P. Morgan Securities Inc. are acting as joint book-running managers. Jones Day is acting as counsel to Federated Department Stores and Federated Retail Holdings.

Copies of the prospectus and prospectus supplement relating to the senior notes may be obtained for free by visiting EDGAR on the SEC Web site.

Federated Department Stores Inc


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