UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report - August 27, 2004
Date of Earliest Event Reported - August 24, 2004
THE MAY DEPARTMENT STORES COMPANY
(Exact name of Registrant as specified in its charter)
Delaware I-79 43-1104396
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
611 Olive Street, St. Louis, Missouri 63101
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (314)342-6300
Not Applicable
(former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of
the following provisions (See General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On August 24, 2004, the The May Department Stores Company, a Delaware
corporation (the "Registrant") and its wholly-owned subsidiary, The May
Department Stores Company, a New York the "Company"), entered into a new five-
year $1.4 billion revolving credit agreement (the "Credit Agreement") with
certain lenders parties thereto, Citibank, N.A., as administrative agent,
JPMorgan Chase Bank, as syndication agent, Morgan Stanley Bank, Bank of
America, N.A., BNP Paribas and Wachovia Bank National Association, as
documentation agents, and Citigroup Global Markets Inc., J.P. Morgan Securities
Inc. and Morgan Stanley Bank, as joint lead arrangers and bookrunners.
Under the terms of the Credit Agreement, the Company may obtain and utilize
From time to time up to $1.4 billion in revolving credit loans for general
corporate purposes including, without limitation, acquisitions. The Company may
increase the credit amount available under the Credit Agreement by up to $200
million at a later date. The Registrant has guaranteed the loans and other
obligations of the Company under the Credit Agreement. Borrowings under the
Credit Agreement bear interest, at the Company's option, at one of two rates as
described in the Credit Agreement. There is a facility fee payable to each
lender in connection with borrowings under the Credit Agreement, which shall
accrue at an applicable percentage per annum, as described in the Credit
Agreement. The Credit Agreement contains affirmative, negative and financial
covenants customary for such financings, including among other things, limits
on the incurrence of liens and mergers and consolidations. The Credit
Agreement also contains customary events of default, including, without
limitation, payment defaults, material inaccuracy of representations and
warranties, covenant defaults, cross-defaults to certain other agreements,
certain events of bankruptcy and insolvency, certain ERISA events, invalidity
or unenforceability of the Registrant's guaranty.
A copy of the Credit Agreement is attached hereto as Exhibit 10.1.
Item 1.02. Termination of a Material Definitive Agreement.
On August 24, 2004, the Registrant and the Company terminated their prior $700
million five-year credit agreement dated as of July 31, 2001 in connection with
the execution of the Credit Agreement. This prior credit agreement was
scheduled to expire on July 31, 2006. In addition to the Registrant and the
Company, the parties to the prior agreement were the lenders thereto, Citibank,
NA as administrative agent, the Bank of New York, Bank One NA, First Union
National Bank and The Chase Manhattan Bank, as co-syndication agents, and
Salomon Smith Barney Inc. as sole lead arranger and book runner.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Exhibit
10.1 $1,400,000,000 Amended and Restated Five Year Credit
Agreement, dated as of August 24, 2004 among The May
Department Stores Company, a New York corporation, as
Borrower, The May Department Stores Company, a Delaware
corporation, as Guarantor, the Initial Lenders named therein,
and Citibank, N.A., as administrative agent, JPMorgan Chase
Bank, as syndication agent, Morgan Stanley Bank, Bank of
America, N.A., BNP Paribas and Wachovia Bank National
Association, as documentation agents, and Citigroup Global
Markets Inc., J.P. Morgan Securities Inc. and Morgan Stanley
Bank, as joint lead arrangers and bookrunners
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE MAY DEPARTMENT STORES COMPANY
Dated: August 27, 2004 By: /s/ Richard A. Brickson
Richard A. Brickson
Secretary