Macy’s Inc. has priced the public offering of $500 million aggregate principal amount of senior notes by its wholly owned subsidiary Macy’s Retail Holdings Inc.
The notes are due 2024. They were issued at a price of 99.899 percent and will bear interest at a rate of 3.625 percent per year. Macy’s Inc. is the guarantor of the notes on a senior unsecured basis. Macy’s Retail Holdings will use the net proceeds for general corporate purposes.