Target Corp Files 8-K on Agreements and Obligations

TL;DR

Target just filed an 8-K about new deals and debt – big moves happening.

AI Summary

On October 9, 2025, Target Corporation filed an 8-K report indicating the entry into a material definitive agreement, the termination of a material definitive agreement, and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details regarding the nature of these agreements and obligations were not disclosed in the provided text.

Why It Matters

This filing signals significant corporate actions by Target, potentially impacting its financial structure and future business dealings.

Risk Assessment

Risk Level: medium — The filing indicates material definitive agreements and financial obligations, which could carry inherent risks depending on their nature.

Key Numbers

• 0000027419 — Central Index Key (Unique identifier for Target Corporation)
• 001-06049 — SEC File Number (SEC filing number for Target Corporation)

Key Players & Entities

• Target Corporation (company) — Registrant
• October 9, 2025 (date) — Date of earliest event reported
• Minnesota (location) — State of incorporation
• Minneapolis, Minnesota (location) — Principal executive offices address
• Dayton Hudson Corp (company) — Former company name
• Dayton Corp (company) — Former company name

FAQ

Key Financial Figures

• $0.0833 — ich registered Common stock, par value $0.0833 per share TGT New York Stock Exchange
• $1.0 b — an aggregate principal amount of up to $1.0 billion, which may be increased from time
• $500 million — be increased from time to time by up to $500 million. Borrowings under the Credit Agreement

Filing Documents

• tgt-20251009.htm (8-K) — 29KB
• 0000027419-25-000121.txt ( ) — 144KB
• tgt-20251009.xsd (EX-101.SCH) — 2KB
• tgt-20251009_lab.xml (EX-101.LAB) — 22KB
• tgt-20251009_pre.xml (EX-101.PRE) — 12KB
• tgt-20251009_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement . On October 9, 2025, Target Corporation ("Target") entered into a 364-Day Credit Agreement (the "Credit Agreement") with the banks listed therein (the "Banks"), the co-documentation agents listed therein, Bank of America, N.A., as administrative agent (the "Agent"), Citibank, N.A., as syndication agent, and BofA Securities, Inc., Citibank, N.A., JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, and U.S. Bank National Association, as joint lead arrangers and joint bookrunners. The Credit Agreement will expire on October 8, 2026 (the "Termination Date"). In connection with the entry into the Credit Agreement, Target terminated its prior 364-Day Credit Agreement, dated as of October 15, 2024, which was scheduled to expire on October 14, 2025. Under the Credit Agreement, the Banks committed to provide loans in an aggregate principal amount of up to $1.0 billion, which may be increased from time to time by up to $500 million. Borrowings under the Credit Agreement bear interest at a base rate or term SOFR rate, in each case plus an applicable margin, which varies based on the type of loan and Target's debt ratings. Target may, at its option, elect to convert all loans outstanding on the Termination Date into term loans due and payable on the first anniversary of the Termination Date. The terms of the Credit Agreement include representations and warranties, affirmative and negative covenants, including a financial covenant regarding the leverage ratio of Target and its consolidated subsidiaries, and events of default that are customary for credit facilities of this nature. Upon the occurrence, and during the continuance, of an event of default, the Agent may terminate the commitments of the Banks under the Credit Agreement and declare any outstanding loans under the Credit Agreement immediately due and payable. The foregoing description of the Credit Agreement is qualified in its entirety by reference to t

02 Termination of a Material Definitive Agreement

Item 1.02 Termination of a Material Definitive Agreement . The information set forth under Item 1.01 is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . The information set forth under Item 1.01 is incorporated herein by reference.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TARGET CORPORATION Date: October 9, 2025 By: /s/ David L. Donlin Name: David L. Donlin Title: Interim General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR