CINCINNATI--(BUSINESS WIRE)--Macy’s Retail Holdings, Inc. (Macy’s Retail), a wholly owned subsidiary of Macy’s, Inc. (NYSE:M), today announced its intention to voluntarily delist its 7.45% Senior Debentures Due 2017, 6.79% Senior Debentures Due 2027 and 7% Senior Debentures Due 2028 from the New York Stock Exchange (NYSE). These are the only of the company’s debentures currently listed on the NYSE.
The company noted that all trading of these securities currently is done over the counter and, therefore, delisting the securities will have no impact on their trading or liquidity. Discontinuing the NYSE listing and registration with the U.S. Securities and Exchange Commission will reduce administrative expenses and fees.
Macy’s Retail today provided written notice to the NYSE that it intends to delist the securities. Macy’s Retail intends to file a Form 25 with the SEC on or about December 15, 2014, to effect the delisting. Macy’s Retail has not arranged for listing, registration or quotation on another securities exchange or quotation medium.
Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2013 sales of $27.931 billion. The company operates about 840 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s, as well as the macys.com and bloomingdales.com websites. The company also operates 13 Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license agreement.
All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed transactions, prevailing interest rates and non-recurring charges, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet, mail-order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission.
(NOTE: Additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom.)