The Home Depot’s $1 Billion Offering
September 5, 2017
Cleary Gottlieb represented the underwriters, led by BofA Merrill Lynch, Barclays, J.P. Morgan and Morgan Stanley, in an SEC-registered offering by The Home Depot, Inc. of $1 billion principal amount of 2.800 percent notes due 2027.
The transaction launched and priced on September 5, 2017, and is expected to close on September 14, 2017.
The 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, along with providing services in over 2,280 stores throughout the United States, Canada and Mexico.