Ross Stores Prices $2 Billion in Debt to Shore Up Its Coffers
Discount fashion chain Ross Stores (NASDAQ: ROST) continues to implement an aggressive financial plan to help it weather the indefinite shutdown of its stores during the coronavirus pandemic. The retailer filed its term sheet for a $2 billion note offering with the SEC on Friday, and priced a series of senior unsecured long-term notes with varying maturities and interest rates as follows:
The company expects that it will maintain its strong investment-grade credit rating after the offerings are completed.
Image source: Getty Images.
Source Fool.com
