Exhibit 99.1
National & Retail Trades & First Call
KOHL'S CORPORATION
MENOMONEE FALLS, Wisconsin- June 5,2000/Buswire--Kohl's
Corporation (NYSE: KSS), today announced that it
intends, subject to market and other conditions, to
raise approximately US$300 million (excluding proceeds
of the over-allotment option, if any) through an
offering of zero-coupon convertible subordinated
debentures to qualified institutional investors.
The company stated that it intends to use the net
proceeds of the offering for general corporate
purposes, including funding store expansion. Proceeds
will initially be used to pay borrowings under the
Company's outstanding revolving credit facility and
accounts receivable financing program.
Kohl's Corporation operates 298 family-focused, value-
oriented department stores in 25 states. Kohl's stores
feature moderately priced national brand apparel,
shoes, accessories and home products. The Company is
incorporated in Wisconsin.
This news release does not constitute an offer to sell
or the solicitation of an offer to buy the securities.
Any offers of the securities will be made only by means
of a private offering memorandum. The securities to be
offered will not be registered under the Securities Act
of 1933, as amended, or applicable state securities
laws, and may not be offered or sold in the United
States absent registration under the Securities Act and
applicable state securities laws or available
exemptions from such registration requirements.
Contact: Arlene Meier, Chief Financial Officer, (262) 703-1646
Patti Johnson, Sr. VP - Finance, (262) 703-1893
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