8-KMaterial AgreementsFinancial EventsExhibits & Filings

HOME DEPOT, INC. 8-K Report, Material Agreement (Sep 17, 2004)

Filed September 17, 2004For Securities:HD

Summary

The Home Depot, Inc. (HD) filed an 8-K report on September 16, 2004, detailing the company's issuance of $1 billion in 3.75% Senior Notes due September 15, 2009. These notes were issued through a private placement to qualified institutional buyers and non-U.S. persons, exempt from standard registration requirements under the Securities Act of 1933. The company also entered into a Registration Rights Agreement to subsequently offer freely tradeable exchange notes for these Senior Notes, with a commitment to file a registration statement within 90 days.

Key Highlights

  • 1Home Depot issued $1 billion in 3.75% Senior Notes due September 15, 2009.
  • 2The issuance was conducted via a private placement under Rule 144A and Regulation S.
  • 3The notes carry an interest rate of 3.75% and mature in approximately five years.
  • 4A Registration Rights Agreement mandates the subsequent registration of exchange notes.
  • 5Home Depot is obligated to file a registration statement for exchange notes within 90 days.
  • 6Failure to meet registration obligations could result in an additional annual interest of 0.25% on the Senior Notes.

Frequently Asked Questions

This 8-K filing reports on a material definitive agreement entered into by Home Depot, specifically the issuance of $1 billion in Senior Notes and the associated Indenture and Registration Rights Agreement.

The Senior Notes have an aggregate principal amount of $1 billion, a coupon rate of 3.75%, and mature on September 15, 2009. They were issued at a slight discount to par value (99.496%).

The private placement, conducted under Rule 144A and Regulation S, allowed Home Depot to efficiently raise capital by selling to institutional buyers and non-U.S. persons without the immediate need for a full public registration process.

The Registration Rights Agreement requires Home Depot to register similar notes with the SEC within a specified timeframe, allowing for the issuance of exchange notes that are freely tradeable by investors. Failure to comply with these obligations could lead to increased interest payments on the original notes.