Debt Capital Markets
|Client & Transactional Partners||Nordstrom, Inc.||Our Role||Co-Manager|
On November 6, 2019, Nordstrom, Inc. (“Nordstrom” or the “Company”) priced $500 million 10-year Senior Notes at T+260 bps for a coupon of 4.375%. The deal was 4.5x oversubscribed with a final order book totaling $2.25 billion.
The Company plans to use proceeds from the offering to repay or retire all $500 million aggregate principal amount of outstanding 4.750% Senior Notes due 2020, and for general corporate purposes.
KeyBanc Capital Markets acted as Co-Manager on the transaction.