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Macy’s will redeem $76 million in debt


New York - Macy’s, Inc. is redeeming $76 million in debt. Through its Macy’s Retail Holdings Inc. subsidiary, the company will redeem for cash the entire $76.02 million aggregate principal amount outstanding on 8.125% debt that is due 2035, on Aug. 17, 2015.

The 2035 debt was issued in August 1995 by The May Department Stores Co. and assumed by Macy’s in conjunction with its acquisition of May in August 2005. The 2035 debt will be redeemed with any unpaid interest. They become redeemable at 100% of the principal amount any time on or after Aug. 15, 2015.

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