Form 8-K · Current report
Target Corporation 8-K, filed Aug 14, 2026
- Filed
- CIK
- 0000027419
- Accession no.
- 0000027419-26-000032
Summary
Target Corporation entered into a $4.0 billion unsecured revolving credit agreement with a lender group led by Bank of America as administrative agent, and concurrently terminated its prior $3.0 billion five-year credit facility and $1.0 billion 364-day credit facility.
Key points
- Target entered a $4.0 billion unsecured revolving credit facility that expires August 14, 2031, with two one-year extension options and the ability to increase commitments by up to $1.0 billion subject to conditions.
- Borrowing rates under the new facility vary by loan type and Target's debt ratings, and the agreement includes a leverage-ratio financial covenant and customary events of default.
- Target terminated its prior $3.0 billion five-year credit agreement, dated October 18, 2021 and previously amended, which had been scheduled to expire October 18, 2028.
- Target also terminated its $1.0 billion 364-day credit agreement dated October 9, 2025, which had been scheduled to expire October 8, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. On August 14, 2026, Target Corporation (“Target”) entered into a Five-Year Credit Agreement with certain lenders, Bank of America, N.A., as administrative agent, Citibank, N.A., and Wells Fargo Bank, National Association, as co-syndication agents, and JPMorgan Chase Bank, N.A., and U.S. Bank National Association, as co-documentation agents, for a $4.0 billion unsecured revolving credit facility (the “Credit Agreement”). Target may increase the credit facility commitments up to an additional $1.0 billion, subject to the satisfaction of certain conditions. …
An excerpt of the text as filed with the SEC, cut for length.
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