Nordstrom borrows $800 million under revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, March 23 – Nordstrom, Inc. drew down $800 million under its revolving credit agreement to strengthen its financial position in response to market uncertainty from the coronavirus pandemic, according to a news release.

On March 16, the company announced the temporary closures of its stores, including Nordstrom full-line and Nordstrom Rack, to help slow the spread of Covid-19.

Nordstrom is a fashion specialty retailer based in Seattle.

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