Macy’s announces pricing of $500M debt offering

Macy’s Inc. announced that its subsidiary, Macy's Retail Holdings, has priced a $500 million offering of 7.375% senior notes maturing on August 1, 2033, with the closing anticipated on July 29, 2025.

The senior notes are guaranteed by Macy's parent company and will be used to fund a tender offer to redeem approximately $587 million of existing senior notes and debentures.

Following the announcement of the note offering, Macy's stock rose by 0.32% in after-hours trading, reaching a price of $12.52.

Investment Recommendation Rating: Positive Outlook

Macy’s Inc. (NYSE: M) disclosed on Monday that its fully owned subsidiary, Macy's Retail Holdings, has successfully priced a $500 million offering of 7.375% senior notes set to mature on August 1, 2033. The anticipated closing date for this note offering is July 29, 2025.

These notes will represent senior unsecured obligations of the issuer, fully guaranteed by the parent company on an unsecured basis. Macy’s Retail Holdings intends to utilize the proceeds from this issuance, along with available cash, to support its recently announced tender offer aimed at redeeming approximately $587 million of selected existing senior notes and debentures. Following the announcement, Macy's stock experienced a slight increase of 0.32% in after-hours trading, reaching $12.52.

Source: Press Release