Summary
Walmart Inc. (WMT) filed an 8-K on August 15, 2005, to report the pricing of an $800 million issuance of 4.75% Notes Due 2010. This debt offering, which is senior and unsecured, is intended to raise capital for the company. The sale was expected to be consummated on August 15, 2005, with net proceeds to Walmart approximating $796.176 million after underwriting discounts but before other transaction expenses. The issuance falls under Walmart's existing shelf registration statement covering up to $5 billion in debt securities, first declared effective in July 2005. The notes will be delivered in book-entry form, represented by global notes held by The Depository Trust Company. This filing provides transparency on a significant financing activity by Walmart, indicating its ongoing capital management strategy.
Key Highlights
- 1Walmart Inc. priced an offering of $800 million in 4.75% Notes Due 2010.
- 2The notes are senior, unsecured debt securities.
- 3The sale was scheduled to close on August 15, 2005.
- 4Net proceeds to the company are estimated at approximately $796.176 million.
- 5This issuance is part of a broader $5 billion debt shelf registration filed earlier in 2005.
- 6The notes will be issued under an Indenture dated July 19, 2005, with J.P. Morgan Trust Company, National Association as trustee.
- 7The offering was underwritten by a syndicate of financial institutions including Samuel A. Ramirez & Company, Inc., Utendahl Capital Group, LLC, and Goldman, Sachs & Co.