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Nordstrom Refinances Revolving Credit Facility

April 02, 2015, 07:29 AM
Filed Under: Retail

Nordstrom, Inc. announced it has completed a new five-year $800 million senior unsecured revolving credit facility. The new facility replaces an $800 million senior unsecured revolving credit facility that was scheduled to mature in March 2018.

The revolving credit facility may be used for general corporate purposes and is scheduled to mature in April 2020. At present, there are no outstanding borrowings under the revolver.

The arrangement of the revolving credit facility was co-led by Bank of America Merrill Lynch; Wells Fargo Securities, LLC; and US Bank.

Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 299 stores in 38 states and Canada.

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