MACY'S, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
March 02, 2021 at 08:00 am EST
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Item 8.01. Other Events.
On March 2, 2021, Macy's, Inc. ("Macy's") announced that its wholly-owned
subsidiary, Macy's Retail Holdings, LLC ("MRH"), intends to offer, subject to
market and other customary conditions, $500 million in aggregate principal
amount of senior notes due 2029 in a private offering (the "Notes Offering").
The Notes will be senior unsecured obligations of MRH and will be
unconditionally guaranteed on a senior unsecured basis by Macy's. In connection
with the Notes Offering, Macy's also announced that MRH will be conducting (i) a
tender offer (the "Tender Offer") to repurchase certain of its outstanding
senior notes and debentures with net proceeds from the Notes Offering and cash
on hand, subject to a maximum aggregate tender offer amount of $500 million and
certain tender caps, and (ii) a consent solicitation (the "Consent
Solicitation") to holders of its 7.600% Senior Debentures due 2025 to solicit
consents to proposed amendments to the indenture governing such debentures to
eliminate substantially all restrictive covenants, certain events of default and
certain other provisions contained therein.
On March 2, 2021, Macy's issued separate press releases announcing the
commencement of the Notes Offering and the Tender Offer and Consent
Solicitation. Copies of the press releases are attached hereto as Exhibit 99.1
and Exhibit 99.2 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release of Macy's Relating to the Notes Offering dated March
2, 2021 .
99.2 Press Release of Macy's Relating to the Tender Offer and Consent
Solicitation dated March 2, 2021 .
104 104 Cover Page Interactive Data File (embedded witin the Inline
XBRL Document).
Macy's, Inc. is an omni-channel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Belgique, Cerulean 6, Charter Club, Club Room, Epic Threads, Family PJ's, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, and others.
MACY'S, INC. 
