Latham & Watkins Represents Kohl’s in US$360 Million Senior Secured Notes Offering

Kohl’s Corporation (NYSE: KSS) has announced the pricing of its previously announced private offering of US$360 million aggregate principal amount of 10.000% senior secured notes due 2030 (the Notes). The Notes will be guaranteed by Kohl’s subsidiaries. Certain guarantees will be secured by, among other collateral, 11 distribution centers and e-commerce fulfillment facilities, which will be held in a newly formed holding company. The offering is expected to close on May 30, 2025, subject to customary closing conditions.

Latham & Watkins LLP represents Kohl’s in the offering with a corporate team led by New York partners Michael Benjamin, Benjamin Stern, and Chicago partner Christopher Drewry, with associates Gabriella Tang, Bradford Taylor, and Samantha Pannone. Advice was also provided on real estate matters by New York partner Dara Denberg and Chicago counsel Jeffrey Anderson, with associate Michael Nieberg; and on tax matters by Chicago partner Diana Doyle, with associate Sam Yang.