Credit Agreement
RevolvingCreditFacility · Target Corporation
Reference: Credit Agreement
- Outstanding
- —
- Commitment
- —
- Availability
- —
- Maturity
- Aug 14, 2031
Reported commitment: USD 4,000,000,000 Reported 2026-08-14 Disclosed facility capacity; the amount drawn and capacity available today are not established.
Last reported interest terms: Borrowings under the Credit Agreement will bear interest at the rates specified in the Credit Agreement, which vary based on the type of loan and Target’s debt ratings. Reported 2026-08-14 Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
Documents and filing history
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Issuance
· 2026-08-14
Commitment USD 4,000,000,000 Exact source document
Parent 8-K filing · 2026-08-14
On August 14, 2026, Target Corporation (“Target”) entered into a Five-Year Credit Agreement with certain lenders, Bank of America, N.A., as administrative agent, Citibank, N.A., and Wells Fargo Bank, National Association, as co-syndication agents, and JPMorgan Chase Bank, N.A., and U.S. Bank National Association, as co-documentation agents, for a $4.0 billion unsecured revolving credit facility (the “Credit Agreement”). Target may increase the credit facility commitments up to an additional $1.0 billion, subject to the satisfaction of certain conditions. The Credit Agreement will expire on August 14, 2031, which may be extended pursuant to two extension options of one year each under the terms of the Credit Agreement. Borrowings under the Credit Agreement will bear interest at the rates specified in the Credit Agreement, which vary based on the type of loan and Target’s debt ratings.
Issuer evidence: On August 14, 2026, Target Corporation (“Target”) entered into a Five-Year Credit Agreement with certain lenders, Bank of America, N.A., as administrative agent, Citibank, N.A., and Wells Fargo Bank, National Association, as co-syndication agents, and JPMorgan Chase Bank, N.A., and U.S. Bank National Association, as co-documentation agents, for a $4.0 billion unsecured revolving credit facility (the “Credit Agreement”). Target may increase the credit facility commitments up to an additional $1.0 billion, subject to the satisfaction of certain conditions. The Credit Agreement will expire on August 14, 2031, which may be extended pursuant to two extension options of one year each under the terms of the Credit Agreement. Borrowings under the Credit Agreement will bear interest at the rates specified in the Credit Agreement, which vary based on the type of loan and Target’s debt ratings.
Supporting evidence: On August 14, 2026, Target Corporation (“Target”) entered into a Five-Year Credit Agreement with certain lenders, Bank of America, N.A., as administrative agent, Citibank, N.A., and Wells Fargo Bank, National Association, as co-syndication agents, and JPMorgan Chase Bank, N.A., and U.S. Bank National Association, as co-documentation agents, for a $4.0 billion unsecured revolving credit facility (the “Credit Agreement”). Target may increase the credit facility commitments up to an additional $1.0 billion, subject to the satisfaction of certain conditions. The Credit Agreement will expire on August 14, 2031, which may be extended pursuant to two extension options of one year each under the terms of the Credit Agreement. Borrowings under the Credit Agreement will bear interest at the rates specified in the Credit Agreement, which vary based on the type of loan and Target’s debt ratings.