Macy's Inc. - M STOCK NEWS

Macy’s, Inc. (NYSE: M) announced that CEO Jeff Gennette and CFO Adrian Mitchell will participate in a virtual fireside chat at J.P. Morgan’s 7th Annual Retail Round-Up on April 14, 2021, at 8:00 a.m. ET. Investors and media can access the live audio webcast at www.macysinc.com/investors. A replay will be available post-event. Macy’s operates multiple retail brands and offers a strong omnichannel shopping experience, including e-commerce and mobile options, catering to diverse customer lifestyles.

Macy’s (NYSE:M) launches its spring campaign, "Wear What You Love Anywhere," celebrating personal style with a variety of apparel, beauty, and home products. This campaign features vibrant colors and trendy styles such as bold florals and minimalism, appealing to shoppers seeking to express themselves. The digital platform, Macy’s Presents The Edit, provides curated looks with expert advice. Additionally, the brand introduces new collections, including CR7 by Cristiano Ronaldo undergarments, and collaborates with black visionaries for the "Icons Of Style" collection. Macy's aims at making fashion accessible and enjoyable for all.

Macy’s, Inc. (NYSE:M) announced early results of its cash tender offer for various notes through its subsidiary, Macy’s Retail Holdings, LLC. As of the Early Tender Date on March 15, 2021, a total principal amount of over $500 million was tendered. The Early Settlement Date is set for March 17, 2021, with total considerations ranging from $1,018.75 to $1,060.00 per $1,000 principal amount of notes. The offer will be funded using available cash and the proceeds from a new offering of $500 million in senior notes due 2029. Conditions to the offer include the satisfaction of certain criteria outlined in the Offer to Purchase.

Macy’s, Inc. (NYSE:M) has announced a private offering of $500 million in 5.875% senior notes due 2029. The offering, priced at 100% of principal, is expected to close on March 17, 2021. Proceeds will fund a tender offer, cover related fees, and support general corporate purposes, including debt repayment. The notes are senior unsecured obligations and will be guaranteed by Macy’s. This private offering targets qualified institutional buyers and is exempt from registration under the Securities Act.

Macy’s, Inc. (NYSE:M) has initiated a cash tender offer to acquire up to $500 million in outstanding notes. The offer is subject to specific caps on various notes totaling $150 million for the 3.875% Senior Notes due 2022 and the 3.625% Senior Notes due 2024. Additionally, the company is soliciting consents related to amendments on its 7.600% Senior Debentures due 2025, aiming to eliminate restrictive covenants. The tender offer and consent solicitation are contingent upon the successful completion of a concurrent New Notes Offering expected to yield at least $500 million.

Macy’s, Inc. (NYSE:M) plans to issue $500 million in senior notes due 2029 through its subsidiary, Macy’s Retail Holdings, LLC. These senior unsecured notes will be guaranteed by Macy’s. The company intends to use the proceeds to fund a tender offer, cover related expenses, and for general corporate purposes, including debt repayment. This offering is exempt from registration under the Securities Act, and the notes will only be available to qualified institutional buyers. The company highlighted potential risks associated with market conditions impacting the offering.

Macy’s, Inc. (NYSE:M) announced significant changes to its senior leadership to align with its Polaris growth strategy. Key departures include John Harper, chief operations officer, effective August 1, 2021, as the COO role is eliminated. Laura Miller has been appointed chief information officer, reporting to CEO Jeff Gennette. Marla Beck, CEO of Bluemercury, is leaving, and Chuck DiGiovanna is promoted to lead the real estate function. The reorganization aims to increase agility and efficiency as Macy’s transforms into a digitally led omnichannel retailer.