Macy's Announces $500M Debt Tender Offer

Macy's (NYSE: M) today announced that its wholly owned subsidiary, Macy's Retail Holdings, Inc., has commenced a cash tender offer (the “Tender Offer”) to purchase up to $500 million in aggregate principal amount of its outstanding Notes listed in the table below, in the order of priority shown in the table. The terms and conditions of the Tender Offer are described in an Offer to Purchase dated October 29, 2012 (the “Offer to Purchase”). The Tender Offer is conditioned upon, among other things, the sale by Macy's Retail Holdings of new debt securities in an amount at least equal to the principal amount of Notes being purchased. Capitalized terms used in this news release and not defined herein have the meanings given to them in the Offer to Purchase.