$2.5 Billion Notes Offering by Home Depot

June 2, 2015

Cleary Gottlieb represented the underwriters, led by Credit Suisse, Goldman Sachs, J.P. Morgan and BofA Merrill Lynch in an SEC-registered offering by The Home Depot of $1.25 billion principal amount of 2.625% senior notes due 2022 and $1.25 billion principal amount of 4.250% senior notes due 2046. The transaction priced on May 28 and closed on June 2.

Home Depot is the world’s largest home improvement retailer, based on net sales. Home Depot stores sell a wide assortment of building materials, home improvement and lawn and garden products and provide a number of services in over 2270 stores throughout the United States, Canada and Mexico.