LOWE’S PRICES $5 BILLION NOTES OFFERING – Benzinga – Press Release

[ad_1]

MOORESVILLE, N.C., March 22, 2022 /PRNewswire/ — Lowe’s Companies, Inc. LOW announced today it has agreed to sell $750 million of 3.350% Notes due 2027, $1.5 billion of 3.750% Notes due 2032, $1.5 billion of 4.250% Notes due 2052 and $1.25 billion of 4.450% Notes due 2062 (collectively, the “Notes”). Lowe’s plans to use the net proceeds from the sale of the Notes for general corporate purposes. Closing is expected to occur on March 24, 2022, subject to satisfaction of customary closing conditions.

Lowe's Companies, Inc. Logo. (PRNewsFoto/Lowe's Companies, Inc.)

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and RBC Capital Markets, LLC are acting as joint book-running managers for the offering.

This offering was made under an effective registration statement on file with the Securities and Exchange Commission. This press release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase any securities. Any offers to sell, or solicitations to buy, will be made solely by means of a prospectus and related prospectus supplement filed with the Securities and Exchange Commission. A copy of the prospectus and related prospectus supplement for this offering may be obtained from BofA Securities, Inc., 200 North College Street, NC1-004-03-43, Charlotte, NC 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322, email: dg.prospectus_requests@bofa.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146, email: prospectus@citi.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attn: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204; or RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, Attention: Transaction Management, telephone: 1-866-375-6829, email: rbcnyfixedincomeprospectus@rbccm.com.

Disclosure…

[ad_2]