Macy’s, Inc. to Discontinue NYSE Listing of Three Debt Issues
December 05 2014 - 4:05PM
Business Wire
Macy’s Retail Holdings, Inc. (Macy’s Retail), a wholly owned
subsidiary of Macy’s, Inc. (NYSE:M), today announced its intention
to voluntarily delist its 7.45% Senior Debentures Due 2017, 6.79%
Senior Debentures Due 2027 and 7% Senior Debentures Due 2028 from
the New York Stock Exchange (NYSE). These are the only of the
company’s debentures currently listed on the NYSE.
The company noted that all trading of these securities currently
is done over the counter and, therefore, delisting the securities
will have no impact on their trading or liquidity. Discontinuing
the NYSE listing and registration with the U.S. Securities and
Exchange Commission will reduce administrative expenses and
fees.
Macy’s Retail today provided written notice to the NYSE that it
intends to delist the securities. Macy’s Retail intends to file a
Form 25 with the SEC on or about December 15, 2014, to effect the
delisting. Macy’s Retail has not arranged for listing, registration
or quotation on another securities exchange or quotation
medium.
Macy’s, Inc., with corporate offices in Cincinnati and New York,
is one of the nation’s premier retailers, with fiscal 2013 sales of
$27.931 billion. The company operates about 840 stores in 45
states, the District of Columbia, Guam and Puerto Rico under the
names of Macy’s and Bloomingdale’s, as well as the macys.com and
bloomingdales.com websites. The company also operates 13
Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated
by Al Tayer Group LLC under a license agreement.
All statements in this press release that are not statements of
historical fact are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
statements are based upon the current beliefs and expectations of
Macy’s management and are subject to significant risks and
uncertainties. Actual results could differ materially from those
expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including
conditions to, or changes in the timing of, proposed transactions,
prevailing interest rates and non-recurring charges, competitive
pressures from specialty stores, general merchandise stores,
off-price and discount stores, manufacturers’ outlets, the
Internet, mail-order catalogs and television shopping and general
consumer spending levels, including the impact of the availability
and level of consumer debt, the effect of weather and other factors
identified in documents filed by the company with the Securities
and Exchange Commission.
(NOTE: Additional information on Macy’s, Inc., including past
news releases, is available at www.macysinc.com/pressroom.)
Macy’s, Inc.Media:Jim Sluzewski, 513-579-7764orInvestor:Matt
Stautberg, 513-579-7780
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