KSS 4.250% 17Jul2025 Corp (USD)

Bond Factsheet

Matured/ Called

Kohl's Corporation

Indicative

Full Lot

Bid Price

99.574

Change in Bid Price

remove 0.046

Bid Yield (%)

Change in Bid Yield

Ask Price

99.846

Change in Ask Price

remove 0.007

Ask Yield (%)

Change in Ask Yield

Indicative price as of 17 Jul 2025, 12:00am

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Bond Information

Kohl's Corporation operates as an omnichannel retailer. The Company's stores and website sells private and national brand apparel, footwear, accessories, beauty, and home products, as well as offers online shopping and store credit cards. Kohl's serves customers in the United States.

Bond Issuer

Kohl's Corporation

Guarantor

Announcement Date

14 Jul 2015

Issue Date

17 Jul 2015

Maturity Date

17 Jul 2025

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

99.976

Issue / Reoffer Yield

4.253

Coupon Type

Fixed

Annual Coupon Rate

4.250

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

US500255AU88

CUSIP

500255AU8

Bond Currency

USD

Total Issue Size

650,000,000

Outstanding Issue Size

352,546,000

Min. Investment Quantity (Nominal)

USD 2,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Consumer Discretionary

Bond Sub Sector

Diversified Consumer Services

Issuer Credit Rating (S&P/ Fitch)

***/ BB-

Bond Credit Rating (S&P/ Fitch)

***/ BB-

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Issuer Call

We may redeem the notes due 2025 at our option, in whole or in part, at any time on or after April 17,2025 (three months prior to the maturity date of the notes due 2025), at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest thereon to the date of redemption.

Make Whole Call

The notes due 2025 will be redeemable at our option, in whole or in part, at any time prior to April 17, 2025 (three months prior to the maturity date of the notes due 2025), at a redemption price equal to the greater of:
(i) 100% of the principal amount of the notes to be redeemed; and
(ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus 30 basis points, in the case of the notes due 2025,
plus accrued and unpaid interest thereon to the date of redemption.

Change Control Put

Repurchase upon Change of Control Repurchase Event
If a Change of Control Repurchase Event (as defined below) occurs in respect of the notes of a series, unless we have exercised our right to redeem the applicable notes as described above, we will make an offer to each holder of notes of such series to repurchase all or any part (in integral multiples of $1,000) of that holder’s notes at a repurchase price in cash equal to 101% of the aggregate principal amount of notes repurchased plus any accrued and unpaid interest on the notes repurchased to the date of purchase. Within 30 days following any Change of Control Repurchase Event or, at our option, prior to any Change of Control (as defined below), but after the public announcement of an impending Change of Control, we will mail a notice to each holder, with a copy to the trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase notes on the payment date specified in the notice, which date will be no earlier than30 days and no later than 60 days from the date such notice is mailed. The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice.

“Change of Control” means the occurrence of any of the following:
(1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of our properties or assets and those of our subsidiaries taken as a whole to any “person” or “group” (as that term is used in Section 13(d)(3) of the Exchange Act), other than us or one of our subsidiaries;
(2) the adoption of a plan relating to our liquidation or dissolution;
(3) the first day on which a majority of the members of our Board of Directors are not Continuing Directors; or
(4) the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation) the result of which is that any “person” or “group” (as that term is used in Section 13(d)(3) of the Exchange Act), other than us or one of our wholly-owned subsidiaries, becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of our Voting Stock, measured by voting power rather than number of shares.

“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

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