Ross Stores enters $1.3B revolving credit facility, replacing $800M prior facility

ROSS STORES, INC.

New $1.3B senior unsecured revolving credit facility expires February 2027; replaces $800M facility.
Includes $300M sublimit for standby letters of credit and option to increase size by up to $700M.
Interest based on Term SOFR plus margin (0.675%-1.25%) or base rate plus margin (0%-0.25%).
No borrowings outstanding on effective date; prior credit facility terminated.
Financial covenant requires consolidated adjusted debt to EBITDAR ratio no less than 3.50:1.00 after Jan 2023.

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