July 21, 2009 (FinancialWire) — Off-price apparel and home fashions retailer The TJX Cos., Inc. (NYSE: TJX) has priced a public offering of $400 million of notes due 2015.

The notes will bear interest at a rate of 4.20 percent per annum, beginning July 23.

TJX will use the net proceeds from the sale to pay its $200 million of 7.45% notes due December 15 at maturity. The company will use the remainder to refinance substantially all of the CDN$235 million term credit facility of its Canadian subsidiary due January 11, 2010.

Prior to that time, the company said it may use the net proceeds from the sale of the notes for working capital and other general corporate purposes or invest them temporarily.

Framingham, Massachusetts-based The TJX Cos. operates 882 T.J. Maxx, 811 Marshalls, 323 HomeGoods, and 141 A.J. Wright stores in the United States.

In Canada, the company operates 203 Winners, 75 HomeSense and 3 Stylesense stores, and in Europe, 243 T.K. Maxx and eight HomeSense stores.

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