secwatch.observer — SEC 8-K summary
======================================

Issuer:     NORDSTROM INC (—)
CIK:        0000072333
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001104659-25-050982
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nordstrom acquired by family & Liverpool for $24.25/sh; delisting from NYSE
---------------------------------------------------------------------------

- All-cash acquisition closed at $24.25/share; shareholders also receive combined $0.3962/share in dividends.
- Total purchase price ~$2.4B; funded by $863M Liverpool cash, $367M shareholder loan, $450M ABL draw, $1.01B company cash.
- Erik and Pete Nordstrom become Co-CEOs; board replaced with Erik as sole director.
- Common stock to cease trading on NYSE before May 21, 2025; will be delisted.
- New $1.2B ABL facility entered; $450M drawn; supplemental indentures guarantee existing notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72333/000110465925050982/0001104659-25-050982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72333/000110465925050982/tm2515470d12_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-050982

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer