Daily News: April 2, 2015

Wells, BofA, US Bank Co-Lead Nordstrom Refinancing

Nordstrom 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.

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

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.