Nordstrom Inc announced that it has completed a new five-year $600 million senior unsecured revolving credit facility. The new facility replaces a $650 million senior unsecured revolving credit facility that was scheduled to mature in August 2012.
Effective today, the facility may be used for general corporate purposes and is scheduled to mature in June 2016. 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 and Wells Fargo Securities, LLC.
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 214 stores located in 29 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 116 Nordstrom full-line stores, 95 Nordstrom Rack stores, two Jeffrey boutiques and one clearance store. Nordstrom serves customers through its online presence at Nordstrom.com and through its catalogs.
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