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TJX Companies Announced Public Offering of $750 Million

The Company intends to use the net proceeds from the sale of the notes to redeem the Company’s $400 million aggregate principal amount 4.2% notes due August 15, 2015 and to use the remainder of the net proceeds for working capital.

Framingham Patch file photo
Framingham Patch file photo

The following is a press release from TJX:


The TJX Companies, Inc., with headquarters in Framingham, announced Monay, June 2 the pricing of a public offering of $750 million aggregate principal amount of notes due 2021. 

The notes will bear interest at a rate of 2.750% per annum, beginning June 5, 2014. 

The Company intends to use the net proceeds from the sale of the notes to redeem the Company’s $400 million aggregate principal amount 4.2% notes due August 15, 2015 and to use the remainder of the net proceeds for working capital and other general corporate purposes. 

The notes are expected to settle on June 5, 2014, subject to customary closing conditions.

Bank of America, Merrill Lynch, Deutsche Bank Securities Inc., HSBC and Wells Fargo Securities are acting as joint book-running managers. This offering was made under an effective registration statement on file with the Securities and Exchange Commission

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