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$4.0 billion is the contracted capacity of the unsecured revolving credit facility Target Corporation (NYSE: TGT) established on August 14, 2026, precisely matching the combined capacity of the two facilities it retired the same day.
The new Five-Year Credit Agreement runs to August 14, 2031, with Bank of America, N.A. serving as administrative agent and two one-year extension options built into the terms.
What replaced what The filing retired two instruments at once.
Target's $3.0 billion Five-Year Credit Agreement, originally dated October 18, 2021 and amended twice (October 25, 2022 and September 20, 2023), had been scheduled to run to October 18, 2028.
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