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Target Signs 5-Year, $2.5 Billion Credit Agreement

Target closed on a five-year, $2.5 billion unsecured revolving credit agreement with Bank of America and Citibank, it said in an SEC filing Wednesday. Target may increase the credit facility commitments up to an additional $500 million, subject to conditions.…

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The agreement terminates a $2.25 billion five-year credit agreement that was to expire in October 2018.