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.

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Source Fool.com