---
schema_version: "secwatch.filing_event.v1"
accession: "0000354950-24-000114"
form_type: "8-K"
ticker: "HD"
cik: "0000354950"
company_name: "HOME DEPOT, INC."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:23:23.662001+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Home Depot enters $14.5B credit facilities to fund SRS acquisition

## Summary
- Secured $14.5B total in three revolving credit facilities to support commercial paper funding of the pending SRS Distribution acquisition.
- Facilities: $3.5B 364-day (matures May 2025), $1.0B three-year (matures May 2027), $10.0B capital markets (matures May 2025, extendable).
- Interest rates based on credit ratings; current Term SOFR margins: 0.835% (364-day and capital markets), 0.810% (three-year).
- Capital markets facility commitments reduce by net proceeds from senior unsecured debt offerings; unused facilities subject to facility fees.

## SEC filing metadata
- accession: 0000354950-24-000114
- form_type: 8-K
- ticker: HD
- cik: 0000354950
- company_name: HOME DEPOT, INC.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354950/000035495024000114/0000354950-24-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354950/000035495024000114/hd-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354950-24-000114
- JSON: https://secwatch.observer/filing/0000354950-24-000114.json
- Plain text: https://secwatch.observer/filing/0000354950-24-000114.txt

## Key facts
- Debt Financings
  HOME DEPOT, INC. incurred revolving credit of $3.5 billion with JPMorgan Chase Bank, N.A. as administrative agent at Term SOFR for the selected term which may be one, three or six months, plus a cr maturing May 6, 2025.
  - Instrument: revolving credit
  - Principal: $3.5 billion
  - Counterparty: JPMorgan Chase Bank, N.A. as administrative agent
  - Rate: Term SOFR for the selected term which may be one, three or six months, plus a cr
  - Maturity: May 6, 2025
  - Event: incurrence
  source text: A 364-Day Revolving Credit Facility Agreement dated as of May 7, 2024 (the “364-Day Credit Agreement”), among the Company, the banks party thereto, and JPMorgan Chase Bank, N.A. as administrative agent, establishing a $3.5 billion revolving credit facility (the “364-Day Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/354950/000035495024000114/0000354950-24-000114-index.htm
- Debt Financings
  HOME DEPOT, INC. incurred revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. as administrative agent at Term SOFR for the selected term which may be one, three or six months, plus a cr maturing May 7, 2027.
  - Instrument: revolving credit
  - Principal: $1.0 billion
  - Counterparty: JPMorgan Chase Bank, N.A. as administrative agent
  - Rate: Term SOFR for the selected term which may be one, three or six months, plus a cr
  - Maturity: May 7, 2027
  - Event: incurrence
  source text: A Three-Year Revolving Credit Facility Agreement dated as of May 7, 2024 (the “Three-Year Credit Agreement”), among the Company, the banks party thereto, and JPMorgan Chase Bank, N.A. as administrative agent, establishing a $1.0 billion revolving credit facility (the “Three-Year Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/354950/000035495024000114/0000354950-24-000114-index.htm
- Debt Financings
  HOME DEPOT, INC. incurred revolving credit of $10.0 billion with JPMorgan Chase Bank, N.A. as administrative agent at Term SOFR for the selected term which may be one, three or six months, plus a cr maturing May 6, 2025.
  - Instrument: revolving credit
  - Principal: $10.0 billion
  - Counterparty: JPMorgan Chase Bank, N.A. as administrative agent
  - Rate: Term SOFR for the selected term which may be one, three or six months, plus a cr
  - Maturity: May 6, 2025
  - Event: incurrence
  source text: A Revolving Credit Facility Agreement dated as of May 7, 2024 (the “Capital Markets Credit Agreement”, and together with the 364-Day Credit Agreement and the Three-Year Credit Agreement, the “Credit Agreements”), among the Company, the banks party thereto, and JPMorgan Chase Bank, N.A. as administrative agent, establishing a $10.0 billion revolving credit facility (the “Capital Markets Credit Facility”, and together with the 364-Day Credit Facility and the Three-Year Credit Facility, the “Credit Facilities”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/354950/000035495024000114/0000354950-24-000114-index.htm
- Material Agreements
  HOME DEPOT, INC. entered into Capital Markets Credit Agreement with JPMorgan Chase Bank, N.A. (as administrative agent) and the banks party thereto valued at $10.0 billion (effective 2024-05-07).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. (as administrative agent) and the banks party thereto
  - Value: $10.0 billion
  - Effective: 2024-05-07
  source text: • A Revolving Credit Facility Agreement dated as of May 7, 2024 (the “Capital Markets Credit Agreement”, and together with the 364-Day Credit Agreement and the Three-Year Credit Agreement, the “Credit Agreements”), among the Company, the banks party thereto, and JPMorgan Chase Bank, N.A. as administrative agent, establishing a $10.0 billion revolving credit facility (the “Capital Markets Credit Facility”, and together with the 364-Day Credit Facility and the Three-Year Credit Facility, the “Credit Facilities”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/354950/000035495024000114/0000354950-24-000114-index.htm
- Material Agreements
  HOME DEPOT, INC. entered into 364-Day Credit Agreement with JPMorgan Chase Bank, N.A. (as administrative agent) and the banks party thereto valued at $3.5 billion (effective 2024-05-07).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. (as administrative agent) and the banks party thereto
  - Value: $3.5 billion
  - Effective: 2024-05-07
  source text: • A 364-Day Revolving Credit Facility Agreement dated as of May 7, 2024 (the “364-Day Credit Agreement”), among the Company, the banks party thereto, and JPMorgan Chase Bank, N.A. as administrative agent, establishing a $3.5 billion revolving credit facility (the “364-Day Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/354950/000035495024000114/0000354950-24-000114-index.htm
- Material Agreements
  HOME DEPOT, INC. entered into Three-Year Credit Agreement with JPMorgan Chase Bank, N.A. (as administrative agent) and the banks party thereto valued at $1.0 billion (effective 2024-05-07).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. (as administrative agent) and the banks party thereto
  - Value: $1.0 billion
  - Effective: 2024-05-07
  source text: • A Three-Year Revolving Credit Facility Agreement dated as of May 7, 2024 (the “Three-Year Credit Agreement”), among the Company, the banks party thereto, and JPMorgan Chase Bank, N.A. as administrative agent, establishing a $1.0 billion revolving credit facility (the “Three-Year Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/354950/000035495024000114/0000354950-24-000114-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.