8-KOther EventsExhibits & Filings

Walmart Inc. 8-K Report, Corporate Update (Dec 18, 2006)

Filed December 18, 2006For Securities:WMT

Summary

This Form 8-K filing by Wal-Mart Stores, Inc. on December 18, 2006, details the company's agreement to issue and sell £1,000,000,000 (approximately $1.955 billion based on the specified exchange rate) in aggregate principal amount of 4.875% senior unsecured notes due 2039. The issuance is being facilitated through a Pricing Agreement with several underwriters, including Goldman Sachs International and Citigroup Global Markets Limited, and is expected to close on December 19, 2006. The net proceeds from this debt offering will be approximately £974,130,000. The notes are listed on the Irish Stock Exchange and are being offered both in the United States under a shelf registration statement and outside the United States pursuant to Regulation S. This transaction represents a strategic move by Walmart to raise capital, likely for ongoing operations, expansion, or other corporate initiatives, through the issuance of long-term debt.

Key Highlights

  • 1Walmart Inc. is issuing £1,000,000,000 (approximately $1.955 billion) of 4.875% Notes Due 2039.
  • 2The notes are senior, unsecured debt securities.
  • 3The sale is conducted through a Pricing Agreement with a syndicate of underwriters, including major financial institutions.
  • 4The expected closing date for the note sale is December 19, 2006.
  • 5Net proceeds to the company are expected to be £974,130,000.
  • 6The notes are admitted for trading on the Irish Stock Exchange.
  • 7The offering is structured to comply with both U.S. (Regulation S and a shelf registration) and international markets.

Frequently Asked Questions

Walmart is issuing £1,000,000,000 (one billion pounds sterling) in aggregate principal amount of notes that mature in 2039, bearing a fixed interest rate of 4.875%.

Walmart expects to receive net proceeds of approximately £974,130,000 from the sale of these notes, after deducting the underwriting discount but before other transaction expenses.

The notes are being offered in the United States under Walmart's shelf registration statement and outside the United States pursuant to Regulation S. They have been admitted to the Official List and are available for trading on the Irish Stock Exchange.

While the specific purpose is not detailed in this 8-K, the issuance of long-term debt like these notes typically supports a company's capital structure, funding for expansion, ongoing operations, or general corporate purposes.