Nordstrom, Inc. Announces Pricing of Offering of Senior Secured Notes
08 Aprile 2020 - 10:42PM
Business Wire
Nordstrom, Inc. (NYSE: JWN) announced today that it priced an
offering (the “Offering”) of $600 million aggregate principal
amount of its 8.75% Senior Secured Notes due 2025 (the “Notes”) at
an offering price of 100% of the principal amount thereof. The net
proceeds from the sale of the Notes will be used for fees and
expenses of the offering and for general corporate purposes. The
closing of the offering of the Notes is expected to occur on or
about April 16, 2020.
The Notes have not been registered under the Securities Act of
1933, as amended (the “Securities Act”) or any state or other
securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from the
registration requirements of the Securities Act and applicable
state laws. Nordstrom, Inc. plans to offer and issue the Notes only
to qualified institutional buyers pursuant to Rule 144A under the
Securities Act and to non-U.S. persons outside the United States
pursuant to Regulation S. The Notes will be subject to restrictions
on transferability and resale and may not be transferred or resold
except in compliance with the registration requirements of the
Securities Act or pursuant to an exemption therefrom and in
compliance with other applicable securities laws.
This press release is being issued pursuant to Rule 135c under
the Securities Act, and is neither an offer to sell nor a
solicitation of an offer to buy the Notes or any other securities
and shall not constitute an offer to sell or a solicitation of an
offer to buy, or a sale of, the Notes or any other securities in
any jurisdiction in which such offer, solicitation or sale is
unlawful. The Offering is made only by, and pursuant to, the terms
set forth in the related offering memorandum. The Offering is not
being made to persons in any jurisdiction in which the making or
acceptance thereof would not be in compliance with the securities,
blue sky or other laws of such jurisdiction.
ABOUT NORDSTROM
Nordstrom, Inc. is a leading fashion retailer based in the U.S.
Founded in 1901 as a shoe store in Seattle, today Nordstrom
operates 380 stores in 40 states, including 116 full-line stores in
the United States, Canada and Puerto Rico; 248 Nordstrom Rack
stores; three Jeffrey boutiques; two clearance stores; six Trunk
Club clubhouses; and five Nordstrom Local service hubs.
Additionally, customers are served online through Nordstrom.com,
Nordstromrack.com, HauteLook.com and TrunkClub.com. Nordstrom,
Inc.’s common stock is publicly traded on the NYSE under the symbol
JWN.
Certain statements in this press release contain or may suggest
“forward-looking” information (as defined in the Private Securities
Litigation Reform Act of 1995) that involves risks and
uncertainties that could cause results to be materially different
from expectations. The words “will,” “may,” “designed to,”
“outlook,” “believes,” “should,” “targets,” “anticipates,”
“assumptions,” “plans,” “expects” or “expectations,” “intends,”
“estimates,” “forecasts,” “guidance” and similar expressions
identify certain of these forward-looking statements. The Company
also may provide forward-looking statements in oral statements or
other written materials released to the public. All statements
contained in or incorporated this press release or in other public
statements that address such future events or expectations are
forward-looking statements. Important factors that could cause
actual results to differ materially from these forward-looking
statements are detailed in the Company’s Annual Report on Form 10-K
for the fiscal year ended February 1, 2020. These forward-looking
statements are not guarantees of future performance and speak only
as of the date hereof, and, except as required by law, the Company
undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events, new information or future
circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20200408005747/en/
INVESTOR CONTACT: Trina Schurman Nordstrom, Inc.
206-303-6503
MEDIA CONTACT: Gigi Ganatra Duff Nordstrom, Inc. (206)
303-3030
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