debt
confidence high
sentiment neutral
materiality 0.50
Lowe's issues $2.0B in unsecured notes in two tranches with tenors 2028 and 2041
LOWES COMPANIES INC
- Issued $1.0B of 1.700% Notes due Sept 15, 2028 and $1.0B of 2.800% Notes due Sept 15, 2041.
- Net proceeds approximately $1.981B after underwriting discount and expenses.
- Notes are unsecured obligations ranking equally with existing and future senior unsecured debt.
- Redeemable at Lowe's option at Treasury rate plus 10 bps (2028) or 15 bps (2041) prior to par call date.
- Holders may require repurchase at 101% upon a Change of Control Triggering Event.