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November 6, 2026
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Lowe’s Prices $5B Notes Offering
The home improvement company says it plans to use the net proceeds from the sale of the notes for “general corporate purposes.”
Lowe’s Companies, Inc. (NYSE: LOW) of Mooresville, North Carolina, agreed to sell $750 million of 3.350% notes due 2027, $1.5 billion of 3.750% notes due 2032, $1.5 billion of 4.250% notes due 2052 and $1.25 billion of 4.450% notes due 2062.
Lowe’s said it plans to use the net proceeds from the sale of the notes for “general corporate purposes.” Closing was expected to occur March 24, subject to satisfaction of customary closing conditions.
This offering was made under an effective registration statement on file with the Securities and Exchange Commission, Lowe’s said.
BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and RBC Capital Markets, LLC have acted as joint book-running managers for this offering.
