IN BRIEF: Ross Stores enters into new USD1.3 billion credit facility

1st July 2025 00:39

Ross Stores Inc - Dublin, California-based discount department store chain - Enters into a new senior unsecured credit agreement to provide up to USD1.3 billion and replace a previous facility of equal value that was obtained in February 2022. The new facility expires in June 2030, but may be extended for up to two additional one-year periods. Interest on the loan is variable and dependent on market rates and the company's credit rating.

Ross Stores says: "The new facility contains a USD300 million sublimit for issuance of standby letters of credit. It also contains an option allowing the company to increase the size of its credit facility by up to an additional USD700 million, with the agreement of the committing lenders."

Current stock price: USD127.58

12-month change: down 12%

By Elijah Dale, Alliance News reporter

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