FRAMINGHAM, Mass.--(BUSINESS WIRE)--Sep. 7, 2016--
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 $1.0 billion aggregate principal
amount of notes due 2026. The notes will bear interest at a rate of
2.250% per annum, beginning September 12, 2016. The Company intends to
use the net proceeds from the sale of the notes to redeem the Company’s
$375 million aggregate principal amount 6.950% notes due April 15, 2019
and to use the remainder of the net proceeds for working capital and
other general corporate purposes. The notes are expected to settle on
September 12, 2016, subject to customary closing conditions.
Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith
Incorporated, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
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
Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005,
telephone: 1-800-503-4611, email: firstname.lastname@example.org;
Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200
North College Street, 3rd floor, Charlotte, North Carolina 28255-0001,
Attn: Prospectus Department, Email: email@example.com;
J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York
10179, Attention: Investment Grade Syndicate Desk, telephone:
212-834-4533; or Wells Fargo Securities, LLC, 608 2nd Avenue South,
Suite 1000, Minneapolis, Minnesota 55402, Attn: WFS Customer Service,
Toll-free number: 1-800-645-3751, Email: firstname.lastname@example.org.
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 July 30, 2016, the end of
the Company’s second quarter, the Company operated a total of 3,675
stores in nine countries, the United States, Canada, the United Kingdom,
Ireland, Germany, Poland, Austria, the Netherlands, and Australia, and
three e-commerce sites. These include 1,165 T.J. Maxx, 1,013 Marshalls,
538 HomeGoods and 9 Sierra Trading Post stores, as well as tjmaxx.com
in the United States; 250 Winners, 104 HomeSense, and 45 Marshalls
stores in Canada; 473 T.K. Maxx and 43 HomeSense stores, as well as tkmaxx.com,
in Europe; and 35 Trade Secret stores in Australia. 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
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; various
marketing efforts; competition; personnel recruitment, training and
retention; labor costs and workforce challenges; data security;
information systems and new technology; economic conditions and consumer
spending; adverse or unseasonable weather; serious disruptions or
catastrophic events; disruptions in the second half of the fiscal year;
corporate and retail banner reputation; quality, safety and other issues
with merchandise; expanding international operations; merchandise
importing; commodity availability and 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 and changes in laws, regulations and applicable
accounting standards; outcomes of litigation, legal proceedings and
other legal or regulatory matters; 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.
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Source: The TJX Companies, Inc.
The TJX Companies, Inc.