05:44 PM EDT, 07/14/2025 (MT Newswires) -- Macy's (M) said late Monday its wholly-owned subsidiary, Macy's Retail, has priced an offering of $500 million in aggregate principal amount of 7.375% senior notes due 2033.

The notes will mature on Aug. 1, 2033, and the offering is expected to close on July 29, 2025.

Macy's said it plans to use the proceeds, together with cash on hand, to fund its previously announced concurrent tender offer, redeem approximately $587 million of certain outstanding senior notes and debentures, and pay related fees and expenses.