Macy’s Inc., through its Macy’s Retail Holdings Inc. subsidiary, said today that it will redeem more than $76 million in 8.125 percent debentures due in 2035 and originally taken on as part of its August 2005 acquisition of May Department Stores Co.
The notes will be redeemed at par value along with interest accrued and unpaid to the Aug. 17 redemption date. A notice of redemption is being sent to all registered holders of the notes by The Bank of New York Mellon Trust Co. N.A., the trustee.
Macy’s assumed the notes as part of its assumption of some of May’s debts in conjunction with the 2005 acquisition.