Home Depot in $2 Billion Note Offering

Cleary Gottlieb represented the underwriters, led by Barclays, BofA Merrill Lynch, J.P. Morgan and Morgan Stanley, in an SEC-registered offering by The Home Depot of $1 billion aggregate principal amount of 2.700% senior notes due 2023 and $1 billion aggregate principal amount of 4.200% senior notes due 2043. The transaction priced on April 2 and closed on April 5.

The firm was previously counsel to the underwriters of a $1 billion note offering by Home Depot, which closed in September 2010, and a $2 billion note offering by Home Depot, which closed in March 2011.

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 2200 stores throughout the United States, Canada and Mexico.