Lowe’s in $2 Billion Notes Offering

Cleary Gottlieb represented Lowe’s Companies Inc. (Lowe’s) in an SEC-registered debt offering of $1 billion aggregate principal amount of 1.7% senior notes due 2028 and $1 billion aggregate principal amount of 2.8% senior notes due 2041.

The offering was underwritten by a syndicate led by Barclays, Goldman Sachs, Wells Fargo Securities, and US Bancorp. The transaction priced on September 13, 2021, and closed on September 20, 2021.

Lowe’s is a FORTUNE® 50 home improvement company serving approximately 20 million customers a week in the United States and Canada. With fiscal year 2020 sales of nearly $90 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ over 300,000 associates.