Nordstrom, Inc. today announced the closing of the previously announced offering of $400 million aggregate principal amount of 5.00% Senior Notes due 2044 at an offering price of 99.331% of the principal amount thereof.
The proceeds from the sale of the Notes will be used for general corporate purposes, including repayment or retirement of outstanding indebtedness due in 2014, financing of capital expenditures and working capital needs.
Nordstrom, Inc. is one of the leading fashion specialty retailers based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 261 stores in 35 states, including 117 full-line stores, 141 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also serves customers through Nordstrom.com and through its catalogs.
By Lolita A. Alford