Kohl’s Corporation Announces Upsize and Early Tender Results for Cash Tender Offer
Kohl's Corporation (NYSE: KSS) announced the results of its cash tender offer for various Notes due in 2023 and 2025 as of the Early Tender Deadline on April 9, 2021. The offer includes 9.500% Notes due 2025 and 4.250% Notes due 2025, among others. Notable amounts tendered include $486.98 million for the 9.500% Notes and $649.92 million for the 4.250% Notes. This strategic move reflects Kohl's effort to manage its debt obligations effectively and optimize its financial structure, enhancing shareholder value.
- Successfully tendered $486,979,000 in 9.500% Notes due 2025.
- Achieved $649,921,000 in 4.250% Notes due 2025 tendered.
- None.
Kohl’s Corporation (NYSE: KSS) announced today the upsize and early tender results as of 5:00 p.m., New York City time, April 9, 2021 (the “Early Tender Deadline”) for the previously announced cash tender offer (the “Tender Offer”) for its
The principal amount of each series of Notes that were validly tendered and not validly withdrawn in the Tender Offer as of the Early Tender Deadline is set forth in the table below.
Title of Security |
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CUSIP Number |
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Aggregate Principal Amount Outstanding |
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Acceptance Priority Level |
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Principal Amount Tendered |
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500255AW4 |
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1 |
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500255AU8 |
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2 |
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FAQ
What are the results of Kohl's tender offer for KSS bonds?
When was the Early Tender Deadline for Kohl's tender offer?
What types of Notes were included in Kohl's tender offer?
How much did Kohl's tender for its 4.250% Notes?
