Target signs $4 billion five-year revolving credit facility with bank group
TGT•Target enters new revolving credit facility
- Target entered a five-year credit agreement for a $4 billion unsecured revolving credit facility on Aug. 14, 2026.
- The facility includes an option to increase commitments by up to an additional $1 billion, subject to conditions.
- The maturity is set for Aug. 14, 2031, with two one-year extension options.
- Borrowing costs vary by loan type and the company’s debt ratings; the agreement includes a leverage-ratio covenant.
- The new facility replaced prior arrangements by terminating a $3 billion five-year revolver due 2028 and a $1 billion 364-day facility due 2026.
