Shearman And Sterling

News December 26, 2018

Macy's Retail Holdings, Inc.'s $750 Million Tender Offer

Shearman & Sterling represented Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as dealer managers in connection with Macy’s Retail Holdings, Inc.’s tender offer for up to $750 million combined aggregate principal amount of certain of its outstanding debt securities. Macy’s Retail Holdings, Inc. is a wholly owned subsidiary of Macy’s Inc.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers. With fiscal 2017 sales of $24.837 billion and approximately 130,000 employees, the company operates approximately 690 department stores under the nameplates Macy’s and Bloomingdale’s, and more than 180 specialty stores that include Bloomingdale’s The Outlet, Bluemercury, Macy’s Backstage and STORY. Macy’s, Inc. operates stores in 44 states, the District of Columbia, Guam and Puerto Rico, as well as, and

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