MOORESVILLE, N.C.--(BUSINESS WIRE)--Sep. 4, 2013--
Lowe's Companies, Inc. (NYSE: LOW) announced today it has agreed to sell
$500 million of 3.875% Notes due 2023 and $500 million of 5% Notes due
2043. Estimated net proceeds from this offering will be approximately
$984 million, after deducting offering expenses and underwriters’
discounts. Lowe’s intends to use the net proceeds from the sale of the
Notes for general corporate purposes. Closing is expected to occur on
September 11, 2013.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan
Securities LLC, and SunTrust Robinson Humphrey, Inc. are acting as joint
book-running managers for the notes offering. This offering was made
under an effective registration statement on file with the Securities
and Exchange Commission. This press release is not an offer to sell or a
solicitation of an offer to buy these securities. Any offers to sell, or
solicitations to buy, will be made solely by means of a prospectus and
related prospectus supplement filed with the Securities and Exchange
Commission. A copy of the prospectus and related prospectus supplement
for this offering may be obtained from Merrill Lynch, Pierce, Fenner &
Smith Incorporated, Attention: Prospectus Department, 222 Broadway, 11th
Floor, New York, New York 10038, toll-free at 800-294-1322, e-mail:
email@example.com; J.P. Morgan Securities LLC, 383 Madison
Avenue, New York, New York, 10179, Attention: Investment Grade Syndicate
Desk, 3rd Floor, telephone collect at 212-834-4533; or SunTrust Robinson
Humphrey, Inc., 3333 Peachtree Road, 11th Floor, Mail Code:
GA-ATLANTA-3947, Atlanta, GA 30326, Attn: Investment Grade Debt Capital
Markets, toll-free at 800-685-4786.
Disclosure Regarding Forward-Looking Statements
Included herein are forward-looking statements, including statements
with respect to an anticipated financing. There are many factors that
affect management's views about future events and trends of the business
and operations of the company, including changes to the economy and the
market for the offering, all as more thoroughly described in the
prospectus and related prospectus supplement and the company's filings
with the Securities and Exchange Commission. The company does not
undertake any obligation to update forward-looking information included
in this release or any of its public filings.
With fiscal year 2012 sales of $50.5 billion, Lowe’s Companies, Inc. is
a FORTUNE® 100 company that serves approximately 15 million customers a
week at more than 1,825 home improvement and hardware stores in the
United States, Canada and Mexico. Founded in 1946 and based in
Mooresville, N.C., Lowe’s is the second-largest home improvement
retailer in the world. For more information, visit Lowes.com.
Source: Lowe's Companies, Inc.
Lowe's Companies, Inc.
Chris Ahearn, 704-758-2304