Exhibit (10)AA

 

GRAPHIC [g217751ki01i001.jpg]

 

August 28, 2012

 

 

To the Banks party to the Credit Agreement

referred to below

c/o Bank of America, N.A., as Administrative Agent

for such Banks

 

335 Madison Avenue, 4th Floor

Mail Code: NY1-503-04-03

New York, New York 10017

Attn: Agency Management Group

 

Re: Extension and Amendment of Credit Agreement

 

Ladies and Gentlemen:

 

Reference is made to that certain Five Year Credit Agreement dated as of
October 14, 2011 among Target Corporation (the “Borrower”), the Banks (as
defined therein) party thereto from time to time and Bank of America, N.A., as
administrative agent (the “Credit Agreement”; capitalized terms used but not
defined herein shall have the meanings ascribed thereto in the Credit
Agreement).

 

(a)           Pursuant to Section 2.18 of the Credit Agreement, the Borrower
hereby requests that the Termination Date of the Commitments be extended from
October 14, 2016 to October 13, 2017.

 

(b)           In addition, the Borrower requests that the words “and as a
commercial paper backup facility” be deleted from the first sentence of 
Section 5.09 of the Credit Agreement.

 

Clause (b) of this Extension and Amendment shall become effective when, and only
when, the Administrative Agent shall have received counterparts of this
Extension and Amendment executed by us and the Required Banks. The amendment set
forth in clause (b) above is subject to the provisions of Section 9.05 of the
Credit Agreement.

 

The Credit Agreement and the Notes, except to the extent of the amendments
specifically provided above, are and shall continue to be in full force and
effect and are hereby in all respects ratified and confirmed. The execution,
delivery and effectiveness of this Extension and Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of
any Bank or the Administrative Agent under the Credit Agreement, nor constitute
a waiver of any provision of the Credit Agreement.

 

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If you agree to the terms and provisions of this Extension and Amendment, please
evidence such agreement and indicate your response to the request for extension
of the Termination Date by executing and returning three original counterparts
of this Extension and Amendment to Rebecca S. Chaffin, McGuireWoods, LLP, 201
North Tryon Street, Suite 3000, Charlotte, North Carolina 28202.

 

This Extension and Amendment may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement. Delivery of an executed counterpart of a
signature page to this Extension and Amendment by telecopy or .pdf shall be
effective as delivery of a manually executed counterpart of this Extension and
Amendment.

 

This Extension and Amendment shall be governed by, and construed in accordance
with, the laws of the State of New York.

 

 

TARGET CORPORATION

 

 

 

By:

/s/ Sara Ross

 

Name:

Sara Ross

 

Title:

Assistant Treasurer

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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ADMINISTRATIVE AGENT:

 

 

 

BANK OF AMERICA, N.A., as

 

Administrative Agent

 

 

 

By:

/s/ Don B. Pinzon

 

Name:

Don B. Pinzon

 

Title:

Vice President

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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BANK OF AMERICA, N.A.

 

 

 

By:

/s/ J. Casey Cosgrove

 

Name:

J. Casey Cosgrove

 

Title:

Director

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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CITIBANK, N.A.

 

 

 

By:

/s/ Nicholas Pateros

 

Name:

Nicholas Pateros

 

Title:

Vice President

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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JPMORGAN CHASE BANK, N.A.

 

 

 

By:

/s/ Sarah Freedman

 

Name:

Sarah Freedman

 

Title:

Executive Director

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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WELLS FARGO BANK, NATIONAL

 

ASSOCIATION, as Co-Documentation

 

Agent

 

 

 

By:

/s/ Peter Kiedrowski

 

Name:

Peter Kiedrowski

 

Title:

Director

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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U.S. BANK NATIONAL ASSOCIATION

 

 

 

By:

/s/ Ludmila Yakovlev

 

Name:

Ludmila Yakovlev

 

Title:

Assistant Vice President

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

 

 

 

By:

/s/ Christine Howatt

 

Name:

Christine Howatt

 

Title:

Authorized Signatory

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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BARCLAYS BANK PLC

 

 

 

By:

/s/ Ronnie Glenn

 

Name:

Ronnie Glenn

 

Title:

Vice President

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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MIZUHO CORPORATE BANK, LTD.

 

 

 

By:

/s/ Tenya Mitsuboshi

 

Name:

Tenya Mitsuboshi

 

Title:

Deputy General Manager

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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GOLDMAN SACHS BANK USA

 

 

 

By:

/s/ Mark Walton

 

Name:

Mark Walton

 

Title:

Authorized Signatory

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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HSBC BANK USA, NATIONAL ASSOCIATION

 

 

 

By:

/s/ Alan Vitulich

 

Name:

Alan Vitulich

 

Title:

Vice President

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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ROYAL BANK OF CANADA

 

 

 

By:

/s/ Gordon MacArthur

 

Name:

Gordon MacArthur

 

Title:

Authorized Signatory

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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FIFTH THIRD BANK

 

 

 

By:

/s/ Gary S.Losey

 

Name:

Gary S. Losey

 

Title:

VP — Large Corporate Banking

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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TORONTO DOMINION (NEW YORK) LLC

 

 

 

By:

/s/ Debbie L. Brito

 

Name:

Debbie L. Brito

 

Title:

Authorized Signatory

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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DEUTSCHE BANK AG NEW YORK BRANCH

 

 

 

By:

/s/ Ming K. Chu

 

Name:

Ming K. Chu

 

Title:

Vice President

 

 

 

 

By:

/s/ Heidi Sandquist

 

Name:

Heidi Sandquist

 

Title:

Director

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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STATE STREET BANK AND TRUST COMPANY

 

 

 

By:

/s/ Andrei Bourdine

 

Name:

Andrei Bourdine

 

Title:

Assistant Vice President

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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SUMITOMO MITSUI BANKING

 

CORPORATION,

 

 

 

By:

/s/ David W. Kee

 

Name:

David W. Kee

 

Title:

Managing Director

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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THE BANK OF NEW YORK MELLON

 

 

 

By:

/s/ Thomas J.Tarasovich, Jr.

 

Name:

Thomas J. Tarasovich, Jr.

 

Title:

Vice President

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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FIRST HAWAIIAN BANK

 

 

 

By:

/s/ Landon Santos

 

Name:

Landon Santos

 

Title:

Corporate Banking Officer

 

[SIGNATURE PAGE

TO 2012 EXTENSION AND AMENDMENT]

 

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