WILKESBORO, N.C. – Lowe’s Companies, Inc. (NYSE: LOW) today announced that a registration statement relating to investor resale of previously issued 20-year Liquid Yield Optionä Notes (LYONs) has been declared effective by the Securities and Exchange Commission. The registration statement includes shares of common stock of Lowe’s into which the LYONs are convertible.
The LYONs are zero-coupon senior notes convertible into shares of Lowe’s common stock. The LYONs were originally sold on February 16, 2001 in a Rule 144A private placement to qualified institutional buyers.
This notice does not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.