Home Depot in $3.25 Billion Notes Offering

September 10, 2013

Cleary Gottlieb represented the underwriters, led by BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co. and J.P. Morgan, in an SEC-registered offering by The Home Depot of $1.15 billion principal amount of 2.250% senior notes due 2018, $1.1 billion principal amount of 3.750% senior notes due 2024 and $1 billion principal amount of 4.875% senior notes due 2044. The transaction priced on September 3 and closed on September 10.

The firm was previously counsel to the underwriters in notes offerings by Home Depot for an aggregate principal amount of $5 billion, which closed in September 2010, March 2011 and April 2013.

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 2250 stores throughout the United States, Canada and Mexico.