Ross Stores plans $250 million 10-year senior notes sale

By Aleesia Forni

Virginia Beach, Sept. 15 – Ross Stores Inc. is in the market with a $250 million offering of senior notes due 2024, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

Wells Fargo Securities LLC, J.P. Morgan Securities LLC and J.P. Morgan Securities LLC are the bookrunners.

Proceeds will be used to purchase the building in which the company’s New York buying office is located for $222 million. Remaining net proceeds will be used for general corporate purposes.

The chain of department stores is based in Pacifica, Calif.

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