What was the primary purpose of this filing?

The primary purpose of this Form 8-K filing was to officially report the completion of Walmart's $3 billion debt offering, which consisted of two tranches of notes: 4.375% Notes Due 2003 and 5.450% Notes Due 2006.

How much money did Walmart raise through this debt offering?

Walmart raised a total of $3 billion through this debt offering, with $1.5 billion raised from the 4.375% Notes Due 2003 and $1.5 billion raised from the 5.450% Notes Due 2006.

Who were the key parties involved in the debt issuance?

Key parties involved included Wal-Mart Stores, Inc. as the guarantor, Wal-Mart Cayman (Euro) Finance Co., Wal-Mart Cayman (Canadian) Finance Co., and Wal-Mart Cayman (Sterling) Finance Co. as the issuers, Lehman Brothers Inc. and Goldman Sachs & Co. as the lead underwriters, and Bank One Trust Company, NA as the Trustee.

What are the implications of this debt issuance for investors?

This issuance indicates Walmart's strategy to raise capital through debt financing, likely to fund operations, expansion, or other corporate initiatives. The specific coupon rates and maturity dates provide insight into the cost of capital for these borrowings and the company's debt structure at that time.

WMT 8-K SEC Disclosure

Summary

This Form 8-K filing by Wal-Mart Stores, Inc. (WMT) reports on the successful completion of a significant debt offering on July 31, 2001. The company issued $1.5 billion in aggregate principal amount of 4.375% Notes Due 2003 and another $1.5 billion in aggregate principal amount of 5.450% Notes Due 2006, totaling $3 billion in new debt. These offerings were conducted through various finance subsidiaries and under agreements with designated underwriters, including Lehman Brothers Inc. and Goldman Sachs & Co., with Bank One Trust Company, NA serving as Trustee.

Key Highlights

1Walmart Inc. completed a $3 billion debt offering on July 31, 2001.
2The offering consisted of $1.5 billion in 4.375% Notes Due 2003 and $1.5 billion in 5.450% Notes Due 2006.
3The debt was issued through Wal-Mart's Cayman Islands finance subsidiaries.
4Lehman Brothers Inc. and Goldman Sachs & Co. acted as representatives for the underwriters.
5The issuance was governed by an Indenture dated July 5, 2001, with Bank One Trust Company, NA as Trustee.
6The filing includes copies of the Underwriting Agreement, Pricing Agreement, and forms of Global Notes as exhibits.

Walmart Inc. 8-K Report (Aug 6, 2001)

Summary

Key Highlights

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