Nordstrom to redeem $600 million 8¾% notes due 2025 on April 24

By Wendy Van Sickle

Columbus, Ohio, April 8 – Nordstrom, Inc. plans to redeem the company’s $600 million of 8¾% senior secured notes due 2025 in full, including a make-whole premium of $78 million and accrued interest of $23 million, on April 24, according to an 8-K filing with the Securities and Exchange Commission.

The company plans to fund the redemption with some proceeds of a $675 million offering of notes in two tranches that settled Thursday.

The company will also use cash on hand to fund the redemption, as previously reported.

Nordstrom is a luxury department store with headquarters in Seattle.

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