Nordstrom Refinances Revolving Credit Facility

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Nordstrom, Inc.
JWN
announced today that 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. Effective today, 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.
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