The Home Depot in $3 Billion Share Repurchase

December 14, 2006

Cleary Gottlieb advised The Home Depot in the company’s structured accelerated share repurchase of $3 billion of outstanding shares. The accelerated share repurchase transaction was funded with proceeds from The Home Depot’s recent $5 billion debt offering and is among the largest transactions of this type ever executed.

The Home Depot is the world’s largest home improvement specialty retailer, with sales of $81.5 billion and earnings of $5.8 billion in fiscal 2005.