Nordstrom Refinances Revolving Credit Facility
Effective today, the revolving credit facility may be used for general
corporate purposes and is scheduled to mature in
The arrangement of the revolving credit facility was co-led by
ABOUT
Certain statements in this news release contain or may suggest
"forward-looking" information (as defined in the Private Securities
Litigation Reform Act of 1995) that involve risks and uncertainties,
including, but not limited to, trends in our operations. Such statements
are based upon the current beliefs and expectations of the company's
management and are subject to significant risks and uncertainties.
Actual future results may differ materially from historical results or
current expectations depending upon factors including, but not limited
to: successful execution of our growth strategy, including expansion
into new markets, technological investments and acquisitions, our
ability to realize the anticipated benefits from such growth
initiatives, and the timely completion of construction associated with
newly planned stores, relocations and remodels, all of which may be
impacted by the financial health of third parties; our ability to manage
the transformation of our business/financial model as we increase our
investments in growth opportunities, including our online business and
our ability to manage related organizational changes; our ability to
maintain relationships with our employees and to effectively attract,
develop and retain our future leaders; effective inventory management,
disruptions in our supply chain and our ability to control costs; the
impact of any systems failures, cybersecurity and/or security breaches,
including any security breach that results in the theft, transfer or
unauthorized disclosure of customer, employee or company information or
our compliance with information security and privacy laws and
regulations in the event of such an incident; successful execution of
our information technology strategy; efficient and proper allocation of
our capital resources; our ability to safeguard our reputation and
maintain our vendor relationships; the impact of economic and market
conditions and the resultant impact on consumer spending patterns; our
ability to respond to the business environment, fashion trends and
consumer preferences, including changing expectations of service and
experience in stores and online; the effectiveness of planned
advertising, marketing and promotional campaigns in the highly
competitive retail industry; weather conditions, natural disasters,
health hazards, national security or other market disruptions, or the
prospects of these events and the impact on consumer spending patterns;
our compliance with applicable banking related laws and regulations
impacting our ability to extend credit to our customers, employment laws
and regulations, certain international laws and regulations, other laws
and regulations applicable to us, including the outcome of claims and
litigation and resolution of tax matters, and ethical standards; impact
of the current regulatory environment and financial system and health
care reforms; compliance with debt covenants, availability and cost of
credit, changes in interest rates, and trends in personal bankruptcies
and bad debt write-offs; and the timing and amounts of share repurchases
by the company, if any, or any share issuances by the company, including
issuances associated with option exercises or other matters. Our
Source:
Nordstrom, Inc.
INVESTOR CONTACT: Michelle Berg, 206-303-6072
MEDIA
CONTACT: Dan Evans, 206-303-3036