MOORESVILLE, N.C., Sept. 6,
2022 /PRNewswire/ -- Lowe's Companies,
Inc. (NYSE: LOW) announced today it has agreed to sell $1.0 billion of 4.400% Notes due 2025,
$1.25 billion of 5.000% Notes due
2033, $1.5 billion of 5.625% Notes
due 2053 and $1.0 billion of 5.800%
Notes due 2062 (collectively, the "Notes"). Lowe's plans to
use the net proceeds from the sale of the Notes for general
corporate purposes. Closing is expected to occur on September 8, 2022, subject to satisfaction of
customary closing conditions.
Barclays Capital Inc., Goldman Sachs & Co. LLC, U.S. Bancorp
Investments, Inc. and Wells Fargo Securities, LLC are acting as
joint book-running managers for the offering.
This offering was made under an effective registration
statement on file with the Securities and Exchange Commission. This
press release shall not constitute an offer to sell, a solicitation
to buy or an offer to purchase any securities. Any offers to sell,
or solicitations to buy, will be made solely by means of a
prospectus and related prospectus supplement filed with the
Securities and Exchange Commission. A copy of the prospectus and
related prospectus supplement for this offering may be obtained
from Barclays Capital Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717, Telephone: 888-603-5847, Email:
barclaysprospectus@broadridge.com; Goldman Sachs & Co. LLC, 200
West Street, New York, New York
10282-2198, Attention: Prospectus Department, Telephone:
866-471-2526, Email: Prospectus-ny@ny.email.gs.com;
U.S. Bancorp Investments, Inc., 214 N. Tryon Street, 26th Floor, Charlotte, North Carolina 28202, Attention:
Credit Fixed Income, Telephone: 1-877-558-2607; or Wells Fargo
Securities, LLC, 608 2nd Avenue South, Suite
1000, Minneapolis,
MN 55402, Attention: WFS Customer Service, Telephone:
1-800-645-3751, Email:
wfscustomerservice@wellsfargo.com.
Disclosure Regarding
Forward-Looking Statements
Included herein are forward-looking statements, including
statements with respect to an anticipated financing. There are many
factors that affect management's views about future events and
trends of the business and operations of the company, all as more
thoroughly described in the company's filings with the Securities
and Exchange Commission. The company does not undertake any
obligation to update forward-looking information included in this
release or any of its public filings.
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home
improvement company serving approximately 19 million customer
transactions a week in the United
States and Canada. With
fiscal year 2021 sales of over $96
billion, Lowe's and its related businesses operate or
service nearly 2,200 home improvement and hardware stores and
employ over 300,000 associates. Based in Mooresville, N.C., Lowe's supports the
communities it serves through programs focused on creating safe,
affordable housing and helping to develop the next generation of
skilled trade experts. For more information, visit
Lowes.com.
LOW-IR
Contacts:
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Shareholder /
Analyst Inquiries:
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Media
Inquiries:
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Kate
Pearlman
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Steve
Salazar
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704-775-3856
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704-881-4272
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kate.pearlman@lowes.com
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steve.j.salazar@lowes.com
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SOURCE Lowe's Companies, Inc.