The TJX Companies, Inc. Prices $1.0 Billion Notes Offering
September 07 2016 - 5:51PM
Business Wire
The TJX Companies, Inc. (NYSE: TJX), the leading off-price
retailer of apparel and home fashions in the U.S. and worldwide,
today announced the pricing of the public offering of $1.0 billion
aggregate principal amount of notes due 2026. The notes will bear
interest at a rate of 2.250% per annum, beginning September 12,
2016. The Company intends to use the net proceeds from the sale of
the notes to redeem the Company’s $375 million aggregate principal
amount 6.950% notes due April 15, 2019 and to use the remainder of
the net proceeds for working capital and other general corporate
purposes. The notes are expected to settle on September 12, 2016,
subject to customary closing conditions.
Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner
& Smith Incorporated, J.P. Morgan Securities LLC and Wells
Fargo Securities, LLC are acting as joint book-running managers.
This offering was made under an effective registration statement on
file with the Securities and Exchange Commission. This press
release is not an offer to sell nor is it an offer to buy any
securities. Any offers to sell, or solicitations to buy, will be
made solely by means of a prospectus and related prospectus
supplement filed with the Securities and Exchange Commission.
Copies of the prospectus and prospectus supplement relating to the
notes may be obtained for free by visiting EDGAR on the Securities
and Exchange Commission website at http://www.sec.gov.
Alternatively, copies of the prospectus and prospectus supplement
may be obtained from any of the joint book-running managers by
contacting Deutsche Bank Securities Inc., 60 Wall Street, New York,
New York 10005, telephone: 1-800-503-4611, email:
prospectus.cpdg@db.com; Merrill Lynch, Pierce, Fenner & Smith
Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor,
Charlotte, North Carolina 28255-0001, Attn: Prospectus Department,
Email: dg.prospectus_requests@baml.com; J.P. Morgan Securities LLC,
383 Madison Avenue, New York, New York 10179, Attention: Investment
Grade Syndicate Desk, telephone: 212-834-4533; or Wells Fargo
Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis,
Minnesota 55402, Attn: WFS Customer Service, Toll-free number:
1-800-645-3751, Email: wfscustomerservice@wellsfargo.com.
About The TJX Companies,
Inc.
The TJX Companies, Inc. is the leading off-price retailer of
apparel and home fashions in the U.S. and worldwide. As of July 30,
2016, the end of the Company’s second quarter, the Company operated
a total of 3,675 stores in nine countries, the United States,
Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the
Netherlands, and Australia, and three e-commerce sites. These
include 1,165 T.J. Maxx, 1,013 Marshalls, 538 HomeGoods and 9
Sierra Trading Post stores, as well as tjmaxx.com and
sierratradingpost.com in the United States; 250 Winners, 104
HomeSense, and 45 Marshalls stores in Canada; 473 T.K. Maxx and 43
HomeSense stores, as well as tkmaxx.com, in Europe; and 35 Trade
Secret stores in Australia. TJX’s press releases and financial
information are also available at tjx.com.
Important Information at
Website
The Company routinely posts information that may be important to
investors in the Investor Information section at tjx.com. The
Company encourages investors to consult that section of its website
regularly. The contents of this website, and those referenced
above, have not been incorporated into and do not form part of this
press release.
Forward-looking
Statement
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: Various statements made in this release are
forward-looking and involve a number of risks and uncertainties.
All statements that address activities, events or developments that
we intend, expect or believe may occur in the future are
forward-looking statements. The following are some of the factors
that could cause actual results to differ materially from the
forward-looking statements: execution of buying strategy and
inventory management; operational and business expansion and
management of large size and scale; customer trends and
preferences; various marketing efforts; competition; personnel
recruitment, training and retention; labor costs and workforce
challenges; data security; information systems and new technology;
economic conditions and consumer spending; adverse or unseasonable
weather; serious disruptions or catastrophic events; disruptions in
the second half of the fiscal year; corporate and retail banner
reputation; quality, safety and other issues with merchandise;
expanding international operations; merchandise importing;
commodity availability and pricing; fluctuations in currency
exchange rates; fluctuations in quarterly operating results and
market expectations; mergers, acquisitions, or business investments
and divestitures, closings or business consolidations; compliance
with laws, regulations and orders and changes in laws, regulations
and applicable accounting standards; outcomes of litigation, legal
proceedings and other legal or regulatory matters; tax matters;
real estate activities; cash flow and other factors that may be
described in our filings with the Securities and Exchange
Commission. We do not undertake to publicly update or revise our
forward-looking statements even if experience or future changes
make it clear that any projected results expressed or implied in
such statements will not be realized.
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