Summary
The Home Depot, Inc. (HD) filed an 8-K report on September 21, 2021, announcing the successful completion of a significant public offering of senior notes. The company raised a total of $3 billion by issuing three tranches of notes: $1 billion of 1.500% Notes due 2028, $1 billion of 1.875% Notes due 2031, and $1 billion of 2.750% Notes due 2051. This debt issuance was executed under the company's existing shelf registration statement filed in August 2021. The proceeds from this offering will be used for general corporate purposes, providing Home Depot with additional capital flexibility. Investors should note that the specific terms and conditions of these notes are detailed in the Indenture and the respective forms of global notes, which have been filed as exhibits to this report.
Key Highlights
- 1Home Depot completed a $3 billion public offering of senior notes.
- 2The offering consisted of three tranches: 7-year, 10-year, and 30-year notes.
- 3The notes carry coupon rates of 1.500% (2028), 1.875% (2031), and 2.750% (2051).
- 4The offering was made under Home Depot's shelf registration statement filed on August 27, 2021.
- 5The debt issuance was executed under an Indenture dated August 24, 2012, with Deutsche Bank Trust Company Americas as Trustee.
- 6The company has provided documentation for the notes as exhibits to the 8-K filing.