Target Completes Significant Debt Tender Offer

A tender offer for 10 series of outstanding debt securities resulted in a significant upsize opportunity for Target Corporation. In all, Target was able to eliminate approximately $1.768 billion in debt with a total outlay of approximately $2.246 billion. Faegre Drinker’s Dawn Pruitt represented Target in the deal, with support from Ashley Dorman, Sarah Bartlett and Lisa Pugh. The firm has a history of supporting the retail corporation’s debt tender offer transactions dating back to 2013.