Nordstrom, Inc. Announces Closing of Senior Notes Offering
SEATTLE--(BUSINESS WIRE)--Dec. 12, 2013--
Nordstrom, Inc. (NYSE: JWN) today announced the closing of the
previously announced offering (the “Offering”) of $400 million aggregate
principal amount of 5.00% Senior Notes due 2044 (the “Notes”) at an
offering price of 99.331% of the principal amount thereof. The proceeds
from the sale of the Notes will be used for general corporate purposes,
including repayment or retirement of outstanding indebtedness due in
2014, financing of capital expenditures and working capital needs.
The Notes were offered in a private placement, solely to qualified
institutional buyers in reliance on Rule 144A under the Securities Act
of 1933, as amended (the “Securities Act”) or outside the United States
to persons other than “U.S. persons” in compliance with Regulation S
under the Securities Act. The Notes were not registered under the
Securities Act or the securities laws of any other jurisdiction and may
not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.
This notice does not constitute an offer to sell the Notes, nor a
solicitation of an offer to purchase the Notes in any jurisdiction in
which such offer or solicitation would be unlawful. Any offer of the
Notes will be made only by means of a private offering memorandum. This
press release is being issued pursuant to and in accordance with Rule
135(c) under the Securities Act.
ABOUT NORDSTROM
Nordstrom, Inc. is one of the leading fashion specialty retailers based
in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom
operates 261 stores in 35 states, including 117 full-line stores, 141
Nordstrom Racks, two Jeffrey boutiques and one clearance store.
Nordstrom also serves customers through Nordstrom.com and through its
catalogs. Additionally, the Company operates in the online private sale
marketplace through its subsidiary HauteLook. Nordstrom, Inc.'s common
stock is publicly traded on the NYSE under the symbol JWN.
Forward Looking Statements
This press release contains “forward-looking statements” within the
meaning of the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements can be
identified by words like “will,” “may,” “should,” “expect,”
“anticipate,” “future,” “plan,” “believe,” “intend,” “goal,” “seek,”
“estimate,” “project,” “continue,” and similar expressions.
Forward-looking statements are neither historical facts nor assurances
of future performance. Instead, they are based only on our current
beliefs, expectations and assumptions regarding the future of our
business, future plans and strategies, projections, anticipated events
and trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject to
inherent uncertainties, risks and changes in circumstances that are
difficult to predict and many of which are outside of our control. Our
actual results and financial condition may differ materially from those
indicated in the forward-looking statements. Therefore, you should not
rely on any of these forward-looking statements. Important factors that
could cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, those items described in part I, Item 1A. Risk
Factors, of our Annual Report on Form 10-K for the year ended February
2, 2013. The forward-looking statements included in this press release
are made only as of the date of this release, and except as otherwise
required by federal securities law, we do not have any obligation to
publicly update or revise any forward-looking statements to reflect
subsequent events or circumstances.
Source: Nordstrom, Inc.
Nordstrom, Inc.
INVESTOR AND MEDIA CONTACT:
Rob
Campbell, 206-233-6550
