Debt Capital Markets
Senior Secured Notes
|Client & Transactional Partners||Nordstrom||Our Role||Co-Manager|
Nordstrom, Inc. (“Nordstrom” or the “Company”), headquartered in Seattle, is one of the leading fashion retailers based in the U.S. Nordstrom offers an extensive selection of high-quality brand-name and private label merchandise focused on apparel, shoes, cosmetics and accessories. The Company serves its customers through three strategic pillars: providing a compelling product offering, delivering outstanding services and experiences, and leveraging the strength of the Nordstrom brand.
On April 16th, 2020, Nordstrom, Inc. priced $600 million of 5-year Senior Secured Notes. Despite investment-grade ratings, the deal was priced off high-yield syndicate desks. The Company plans to use proceeds from this offering for general corporate purposes. KeyBanc Capital Markets acted as Co-Manager on the transaction.