Macy’s, Inc. Announces Preliminary Results of Debt Assumption Offer

Macy’s, Inc. (NYSE:M) today announced the results of the early tender of the previously announced cash tender offer (the “Tender Offer”) of its wholly-owned subsidiary, Macy’s Retail Holdings, LLC (the “Company”), for each series of notes set forth in the table below (collectively, the “Notes”) for a combined aggregate purchase price of up to $220 million (excluding accrued and unpaid interest, which will also be paid up to but not including the applicable settlement date, and excluding fees and expenses related to the Tender Offer) (the “Maximum Tender Offer Amount”) in the order of priority set forth in the table.

The terms of the Tender Offer are described in an offer to purchase dated September 4, 2024 (the “Offer to Purchase”). The Tender Offer is subject to the satisfaction of certain conditions set forth in the Offer to Purchase. Capitalized terms used in this press release that are not defined herein have the meanings given to them in the Offer to Purchase.