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Kohl's Corporation Announces Proposed Private Offering of Senior Secured Notes

1. Kohl's is offering $360 million in senior secured notes due 2030. 2. The notes are backed by 11 distribution centers and fulfillment facilities.

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FAQ

Why Bullish?

Kohl's secured financing with valuable assets, indicating financial stability. Similar past offerings helped boost stock value when used for growth.

How important is it?

The financing is significant as it will support Kohl's operational structure amidst market fluctuations.

Why Short Term?

The immediate market response could reflect optimism surrounding financing and asset backing.

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MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Kohl's Corporation ("Kohl's" or the "Company") (NYSE: KSS) announced today the commencement of a private offering (the “Offering”) of approximately $360 million aggregate principal amount of senior secured notes due 2030 (the “Notes”). The Notes are expected to be secured by, among other collateral, 11 distribution centers and e-commerce fulfillment facilities, which will be held in a newly-formed holding company. The Offering is subject to market and oth.

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