This excerpt taken from the ROST 10-Q filed Jun 10, 2009.
Note E: Debt
The Company has a $600 million revolving credit facility with an expiration date of July 2011 and interest pricing at LIBOR plus 45 basis points. The Company had no borrowings outstanding under this facility as of May 2, 2009, January 31, 2009, and May 3, 2008 and was in compliance with the covenants.
The Company has a Note Purchase Agreement with various institutional investors for $150 million of unsecured, senior notes. The notes were issued in two series and funding occurred in December 2006. The series A notes totaling $85 million are due in December 2018 and bear interest at a rate of 6.38%. The series B notes totaling $65 million are due in December 2021 and bear interest at a rate of 6.53%. The fair value of these notes as of May 2, 2009 of approximately $153 million is estimated by obtaining comparable market quotes. Borrowings under these notes are subject to certain covenants, including interest coverage and other financial ratios. As of May 2, 2009, the Company was in compliance with these covenants.
This excerpt taken from the ROST 10-Q filed Jun 7, 2006.
Note D: Debt
In March 2006, the Company repaid its $50.0 million term debt in full. The borrowing was made in 2002 to finance the equipment and information systems for the Perris, California distribution center.
This excerpt taken from the ROST 10-K filed Apr 12, 2006.
Note C: Debt
Bank credit facilities. In 2004, the Company entered into a $600 million revolving credit facility with its banks, which contains a $200 million sublimit for issuances of standby letters of credit of which $138.3 million was available at January 28, 2006. Interest is LIBOR-based plus an applicable margin (currently 75 basis points) and is payable upon borrowing maturity but no less than quarterly. Borrowing under this credit facility is subject to the Company maintaining certain interest coverage and leverage ratios. The Company has had no borrowings under this facility. This revolving credit facility expires in March 2009.
Term debt. The Company had $50 million of term debt classified as short-term as of January 28, 2006, which was classified as long-term at January 29, 2005. In March 2006, the Company paid the $50 million term debt in full. The weighted average interest rates on borrowings during 2005 and 2004 were 5.1% and 3.1%, respectively. In 2002, the Company entered into this $50 million senior unsecured term loan agreement to finance the equipment and information systems for its Perris, California distribution center. Interest was payable no less than monthly at the banks applicable prime rate or at LIBOR plus an applicable margin (175 basis points) which resulted in an effective interest rate of 6.3% at January 28, 2006. Borrowings under this term loan were subject to certain operating and financial covenants including maintaining certain interest coverage and leverage ratios.
Letters of credit. The Company uses standby letters of credit to collateralize certain obligations related to its self-insured workers compensation and general liability programs. The Company had $61.7 million and $65.8 million in standby letters of credit and $16.5 million and $17.0 million in trade letters of credit outstanding at January 28, 2006 and January 29, 2005, respectively.