Macy’s, Inc. to Redeem 8.125% Senior Notes Due 2035
June 22 2015 - 10:47AM
Business Wire
Macy’s, Inc. (NYSE:M) today announced that its wholly owned
subsidiary, Macy’s Retail Holdings, Inc., will redeem for cash the
entire $76.016 million aggregate principal amount outstanding of
its 8.125% Debentures due 2035 (CUSIP 577778BC6) on August 17,
2015. The 2035 debentures were issued in August 1995 by The May
Department Stores Company and assumed by Macy’s in conjunction with
its acquisition of May in August 2005.
The 2035 debentures will be redeemed at par together with
interest accrued and unpaid to the redemption date. They become
redeemable at 100% of the principal amount thereof at any time on
or after August 15, 2015, pursuant to the terms of the
debentures.
A notice of redemption is being sent to all currently registered
holders of the 2035 debentures by the trustee, The Bank of New York
Mellon Trust Company, N.A. Copies of the notice of redemption and
additional information related to the procedure for redemption may
be obtained from The Bank of New York Mellon Trust Company, N.A. by
calling 1-800-254-2826.
Macy’s, Inc., with corporate offices in Cincinnati and New York,
is one of the nation’s premier retailers, with fiscal 2014 sales of
$28.105 billion. The company operates about 885 stores in 45
states, the District of Columbia, Guam and Puerto Rico under the
names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet and
Bluemercury, as well as the macys.com, bloomingdales.com and
bluemercury.com websites. Bloomingdale’s in Dubai is operated by Al
Tayer Group LLC under a license agreement.
All statements in this press release that are not statements of
historical fact are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
statements are based upon the current beliefs and expectations of
Macy’s management and are subject to significant risks and
uncertainties. Actual results could differ materially from those
expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including
conditions to, or changes in the timing of, proposed transactions,
prevailing interest rates and non-recurring charges, competitive
pressures from specialty stores, general merchandise stores,
off-price and discount stores, manufacturers’ outlets, the
Internet, mail-order catalogs and television shopping and general
consumer spending levels, including the impact of the availability
and level of consumer debt, the effect of weather and other factors
identified in documents filed by the company with the Securities
and Exchange Commission.
(NOTE: Additional information on Macy’s, Inc., including past
news releases, is available at www.macysinc.com/pressroom).
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version on businesswire.com: http://www.businesswire.com/news/home/20150622005918/en/
Macy’s, Inc.Media - Jim Sluzewski, 513-579-7764orInvestor - Matt
Stautberg, 513-579-7780
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