Lowe’s Companies, Inc.’s $3 Billion Investment Grade Debt Offering

Shearman & Sterling represented Barclays Capital, Goldman Sachs, Wells Fargo Securities and U.S. Bancorp Investments as representatives of the underwriters in connection with Lowe’s Companies, Inc.’s public offering of $1.5 billion of its 3.650% notes due 2029 and $1.5 billion of its 4.550% notes due 2049.

Lowe’s Companies, Inc. is a home improvement retailer that distributes building materials and supplies through stores in the United States. The company, led by Marvin Ralph Ellison, Sylvain Prud’Homme and Jose Luis Pier Castello, in 2018, recorded $71 billion revenues.

Shearman & Sterling advised with a team including Lona Nallengara (Picture), Harald Halbhuber, Gina Lee, Christian G. Vazquez, Adam Sternberg, Jenny Ding Jordan, P. Sean Kelly and Meaghan Jerrett.

Involved fees earner: Jenny Ding Jordan – Shearman & Sterling; Harald Halbhuber – Shearman & Sterling; Meaghan Jerrett – Shearman & Sterling; Sean Kelly – Shearman & Sterling; Gina Lee – Shearman & Sterling; Lona Nallengara – Shearman & Sterling; Adam Sternberg – Shearman & Sterling; Christian Vazquez – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Barclays Capital ; Goldman Sachs & Co.; US Bancorp; Wells Fargo Securities;