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ROST > SEC Filings for ROST > Form 8-K on 18-Oct-2013All Recent SEC Filings

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Form 8-K for ROSS STORES INC


18-Oct-2013

Regulation FD Disclosure


Item 7.01 Regulation FD Disclosure.

On October 15, 2013, a subsidiary of Ross Stores, Inc. (together with Ross Stores, Inc., the "Company") entered into a Sale-Purchase Agreement (the "Purchase Agreement") under which the Company has the right to purchase the office building where its New York buying office is located, 1372 Broadway, New York, NY, for a price of $222 million. The building is subject to a 99 year ground lease through June 2111. The Purchase Agreement contemplates completion of the sale and purchase of the building on or before September 20, 2014, subject to satisfaction of various closing conditions. Under the Purchase Agreement, the Company agreed to provide a deposit of 10% of the purchase price. In the event the Company is unable or chooses not to complete the purchase of the building, the Company would forfeit the deposit, but the Company would have no further liability to the seller or obligation to complete the purchase. The Company is reviewing its financing alternatives for the potential purchase of the building in 2014.

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