Nordstrom refinances credit facility

Seattle Nordstrom on Friday said that it has secured a new three-year $650 million senior unsecured revolving credit facility to replace a prior facility of the same size that was scheduled to mature in 2010.

The retailer said the credit facility, through Banc of America Securities and Wells Fargo Securities, could be used for general corporate purposes. It is scheduled to mature in August 2012.