Ross Stores Announces Tender Offers for Outstanding Debt Securities

About this update from Ross Stores, Inc.

[{"type":"text","content":" DUBLIN, Calif.--(BUSINESS WIRE)--\nRoss Stores, Inc. (NASDAQ: ROST) (the “Company”) today announced that it has commenced tender offers to purchase for cash the debt securities issued by the Company listed in the table below (collectively, the “Securities” and each a “series”).\n\nUp to $800,000,000 (the “Aggregate Tender Cap”) in Aggregate Amount Payable (exclusive of Accrued Interest) for the Outstanding Securities of Ross Stores, Inc. Listed Below\n\n\n\nTitle of Security\n\n\n\nCUSIP Number/ ISIN Number\n\n\n\nPrincipal Amount Outstanding\n\n\n\nAcceptance Priority Level\n\n\n\nU.S. Treasury Reference Security\n\n\n\nBloomberg Reference Page\n\n\n\nFixed Spread\n\n\n\nEarly Tender Payment (1)(2)\n\n\n\n\n\n5.450% Senior Notes due 2050\n\n\n\n778296 AE3 / US778296AE32\n\n\n\n$500,000,000\n\n\n\n1\n\n\n\n1.250% UST due 5/15/2050\n\n\n\nFIT1\n\n\n\n+190 bps\n\n\n\n$30\n\n\n\n\n\n4.800% Senior Notes due 2030\n\n\n\n778296 AD5 / US778296AD58\n\n\n\n$400,000,000\n\n\n\n2\n\n\n\n0.625% UST due 8/15/2030\n\n\n\nFIT1\n\n\n\n+120 bps\n\n\n\n$30\n\n\n\n\n\n4.700% Senior Notes due 2027\n\n\n\n778296 AC7 / US778296AC75\n\n\n\n$400,000,000\n\n\n\n3\n\n\n\n0.375% UST due 9/30/2027\n\n\n\nFIT1\n\n\n\n+100 bps\n\n\n\n$30\n\n\n\n\n\n4.600% Senior Notes due 2025\n\n\n\n778296 AB9 / US778296AB92\n\n\n\n$700,000,000\n\n\n\n4\n\n\n\n0.250% UST due 9/30/2025\n\n\n\nFIT1\n\n\n\n+60 bps\n\n\n\n$30\n\n\n\n\n\n3.375% Senior Notes due 2024\n\n\n\n778296 AA1 / US778296AA10\n\n\n\n$250,000,000\n\n\n\n5\n\n\n\n0.250% UST due 9/30/2025\n\n\n\nFIT1\n\n\n\n+50 bps\n\n\n\n$30\n\n\n\n\n\n\n(1)\n\n\n\n\nPer $1,000 principal amount.\n\n\n\n\n\n(2)\n\n\n\n\nThe Total Consideration (as defined below) for Securities validly tendered at or prior to the Early Tender Date (as defined below) and accepted for purchase will be calculated using the applicable Fixed Spread and is inclusive of the Early Tender Payment (as defined below).\n\n\n\n\nThe tender offers consist of offers to purchase for cash, on the terms and conditions set forth in the offer to purchase, dated October 1, 2020 (as it may be amended or supplemented from time to time, the “Offer to Purchase”), the Company’s 5.450% Senior Notes due 2050, 4.800% Senior Notes due 2030, 4.700% Senior Notes due 2027, 4.600% Senior Notes due 2025 and 3.375% Senior Notes due 2024, up to an aggregate principal amount of S...

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