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Published: 2021-08-03 17:02:11 ET
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m-8k_20210803.htm
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 3, 2021

 

MACY'S, INC.

(Exact name of Registrant as Specified in its Charter)

 

Delaware

1-13536

13-3324058

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

151 West 34th Street, New York, New York 10001

(Address of Principal Executive Offices)

(212) 494-1621

(Registrant's telephone number, including area code)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $.01 par value per share

M

New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 


 


 

 

Item 1.02.

Termination of a Material Definitive Agreement.

 

The information set forth in Item 2.04 of this Current Report on Form 10-K is incorporated herein by reference.

 

Item 2.04.

Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

 

On August 3, 2021, Macy’s, Inc. (the “Company”) issued an irrevocable notice of redemption to redeem in full its outstanding 8.375% Senior Secured Notes due 2025 (the “Notes”) in the aggregate principal amount of $1,300,000,000, which are governed by the Indenture dated as of June 8, 2020 (the “Indenture”) among the Company, as issuer, the guarantors party thereto and U.S. Bank National Association, as trustee and collateral trustee. The redemption date will be August 17, 2021 (the “Redemption Date”) and the redemption price will be equal to 100% of the principal amount of the Notes being redeemed plus the Applicable Premium (as defined in the Indenture) as of, and accrued and unpaid interest, if any, to but excluding, the Redemption Date. Upon the redemption by the Company of the Notes, the Indenture will be discharged and cease to be of further effect except as to rights thereunder.  The Company expects to record a pre-tax charge primarily related to the recognition of the redemption premium and other costs of approximately $185 million in the fiscal third quarter.

 

Item 7.01.Regulation FD Disclosure.

 

On August 3, 2021, the Company issued a press release announcing the redemption of the Notes, a copy of which is furnished with this Current Report on Form 8-K as Exhibit 99.1.

 

The information furnished herewith pursuant to this Item 7.01 of this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document under the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01.         Financial Statements and Exhibits.

 

 

(d)

Exhibits

 

99.1

Press release of Macy’s, Inc. dated August 3, 2021

 

 

104

Cover Page Interactive Data File (embedded within the Inline XBRL Document)

 

 

 

 


 

 

MACY'S, INC.

SIGNATURE

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.

 

 

 

MACY'S, INC.

 

 

 

 

Dated:  August 3, 2021

 

By:

/s/ Elisa D. Garcia 

 

 

Name:

Elisa D. Garcia

 

 

Title:

Executive Vice President, Chief Legal Officer and Secretary