Summary
This 8-K filing by Wal-Mart Stores, Inc. (WMT) on February 18, 2004, reports on the consummation of a significant debt offering. The company successfully sold $1.25 billion in aggregate principal amount of 4.125% Notes due 2011. The net proceeds from this issuance amounted to approximately $1.24 billion. These notes were sold to the public at 99.58% of their principal amount. This debt issuance is a key event for investors as it provides insight into Wal-Mart's capital structure and its ongoing financing strategies. The funds raised are intended to support the company's operations and strategic initiatives.
Key Highlights
- 1Wal-Mart Stores, Inc. completed the sale of $1.25 billion in 4.125% Notes due 2011.
- 2The notes were issued on February 18, 2004, under a Pricing Agreement dated February 10, 2004.
- 3The net proceeds from the note sale to the company totaled $1,239,750,000.
- 4The notes were sold to the public at 99.58% of their principal amount.
- 5The issuance forms part of a newly created series of 4.125% Notes Due 2011.
- 6The debt offering was underwritten by Goldman, Sachs & Co., Lehman Brothers Inc., and Credit Suisse First Boston LLC, among others.
- 7The filing includes several exhibits detailing the agreements and legal opinions related to the note issuance.