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Macy’s completes $1.3 billion Senior Secured Notes offering and $3.15 billion credit facility

June 2020

Client(s) Macy's Inc.

Jones Day advised Macy's Inc., one of the nation's premier retailers, in connection with the issuance of $1.3 billion in aggregate principal amount of 8.375% Senior Secured Notes due 2025 in a Rule 144A and Regulation S offering and a $3.15 billion asset-based credit facility with Bank of America, N.A., as administrative agent. The credit facility consisted of a $2.851 billion revolving credit facility and a $300 million bridge revolving credit facility.

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