debt
confidence high
sentiment neutral
materiality 0.50
Lowe's issues $4.75B in unsecured notes across four tranches with maturities to 2062
LOWES COMPANIES INC
- Issued $4.75B notes: $1.0B 4.400% '25, $1.25B 5.000% '33, $1.5B 5.625% '53, $1.0B 5.800% '62
- Net proceeds approx. $4.697B after underwriting discount and expenses
- Notes are unsecured, rank equally with existing senior debt; no exchange listing
- Interest paid semi-annually; redemption prior to maturity at make-whole premium plus 15-40 bps depending on series