TARGET CORP — Form 8-K
Filed August 14, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
Target Corporation entered into a Five-Year Credit Agreement dated August 14, 2026, establishing a $4,000,000,000 revolving credit facility with Bank of America N.A. as administrative agent and 13 participating banks including Citibank, Wells Fargo, JPMorgan Chase, and U.S. Bank. The facility matures August 14, 2031, with ability to extend for up to two additional one-year periods. Pricing is floating-rate based on Target's credit rating, with Term SOFR-based loans at margins ranging from 0.455% (Level I) to 0.900% (Level V), plus facility fees of 0.045%-0.100% depending on rating tier.
Why this rating
Standard refinancing of existing credit facilities ($4B is 8.8% of $45.3B market cap); routine commercial banking operation with no material business change.
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