Macy’s, Inc. (NYSE: M) (the “Company” or “Macy’s”) announced today that its wholly-owned subsidiary, Macy’s Retail Holdings, LLC (the “Issuer”), priced an offering of $850 million in aggregate principal amount of senior notes in two separate tranches, one representing $425 million in aggregate principal amount of 5.875% senior notes due 2030 (the “2030 Notes”) and the other representing $425 million in aggregate principal amount of 6.125% senior notes due 2032 (the “2032 Notes” and, together with the 2030 Notes, the “Notes”) in a private offering at an offering price of 100% of the principal amount thereof. The 2030 Notes will have a maturity date of March 15, 2030, and the 2032 Notes will have a maturity date of March 15, 2032. The closing of the offering of the Notes is expected to occur on March 10, 2022, subject to customary closing conditions. The Notes will be senior unsecured obligations of the Issuer and will be unconditionally guaranteed on a senior unsecured basis by Macy’s.
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