FRAMINGHAM, Mass.--(BUSINESS WIRE)--Jun. 2, 2014--
The TJX Companies, Inc. (NYSE: TJX), the leading off-price retailer of
apparel and home fashions in the U.S. and worldwide, today announced the
pricing of the 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, beginningJune 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 4.200% 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.
BofA 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. This press release is not an offer
to sell nor is it an offer to buy any securities. Any offers to sell, or
solicitations to buy, will be made solely by means of a prospectus and
related prospectus supplement filed with the Securities and Exchange
Commission. Copies of the prospectus and prospectus supplement relating
to the notes may be obtained for free by visiting EDGAR on the
Securities and Exchange Commission website at http://www.sec.gov.
Alternatively, copies of the prospectus and prospectus supplement may be
obtained from any of the joint book-running managers by contacting BofA
Merrill Lynch, 222 Broadway, 11th Floor, New York, New
York 10038, Attention: Prospectus Department, telephone: 1-800-294-1322;
Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005,
telephone: 1-800-503-4611, email: prospectus.cpdg@db.com;
HSBC Securities (USA) Inc., Attention: Prospectus Department, 452 Fifth
Avenue, New York, New York 10018, telephone: 1-866-811-8049, email: Debtprospectus@us.hsbc.com;
or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675,
Charlotte, North Carolina 28262, Attn: Capital Markets Client Support,
toll-free: 1-800-326-5897, email: cmclientsupport@wellsfargo.com.
About The TJX Companies, Inc.
The TJX Companies, Inc. is the leading off-price retailer of apparel and
home fashions in the U.S. and worldwide. As of May 3, 2014, the end of
the Company’s first quarter, the Company operated a total of 3,256
stores in six countries, the United States, Canada, the United Kingdom,
Ireland, Germany, and Poland, and three e-commerce sites. These include
1,085 T.J. Maxx, 947 Marshalls, 458 HomeGoods and 4 Sierra Trading Post
stores, as well as tjmaxx.com
and sierratradingpost.com,
in the United States; 230 Winners, 92 HomeSense, and 32 Marshalls stores
in Canada; and 380 T.K. Maxx and 28 HomeSense stores, as well as tkmaxx.com,
in Europe. TJX’s press releases and financial information are also
available at tjx.com.
Important Information at Website
The Company routinely posts information that may be important to
investors in the Investor Information section at tjx.com. The Company
encourages investors to consult that section of its website regularly.
The contents of this website, and those referenced above, have not been
incorporated into and do not form part of this press release.
Forward-looking Statement
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Various statements made in this release are forward-looking and
involve a number of risks and uncertainties. All statements that address
activities, events or developments that we intend, expect or believe may
occur in the future are forward-looking statements. The following are
some of the factors that could cause actual results to differ materially
from the forward-looking statements: execution of buying strategy and
inventory management; operational and business expansion and management
of large size and scale; customer trends and preferences; marketing,
advertising and promotional programs; competition; personnel recruitment
and retention and costs of labor; global economic conditions and
consumer spending; data security; information systems and new
technology; seasonal influences; adverse or unseasonable weather;
serious disruptions and catastrophic events; corporate and retail banner
reputation; merchandise quality and safety; expanding international
operations; merchandise importing; commodity pricing; fluctuations in
currency exchange rates; fluctuations in quarterly operating results and
market expectations; mergers, acquisitions or, business investments and
divestitures, closings or business consolidations; compliance with laws,
regulations and orders; changes in laws and regulations; outcomes of
litigation, legal matters and proceedings; tax matters; real estate
activities; cash flow and other factors that may be described in our
filings with the Securities and Exchange Commission. We do not undertake
to publicly update or revise our forward-looking statements even if
experience or future changes make it clear that any projected results
expressed or implied in such statements will not be realized.
Source: The TJX Companies, Inc.
The TJX Companies, Inc.
Debra McConnell
Global Communications
(508)
390-2323