Lowe’s Companies’ $2 Billion Notes Offering

Shearman & Sterling represented the underwriters in the offering.

Lowe’s Companies, Inc. executed its public offering of $1.5 billion of its 2.625% Notes due 2031 and $500 million of its 3.5% Notes due 2051.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC acted as representatives of the underwriters for this offering.

Lowe’s Companies, Inc. (NYSE: LOW) 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.

The Shearman & Sterling team included Lona Nallengara (Picture), Erika Kent, Nauka Patel, Philip Urofsky, Jason Pratt, Adam Sternberg, Daniel Kachmar, Alyssa Pont, Taylor Pugliese, Caitlin Hutchinson Maddox, and law clerk Stella Sun, and legal assistant Beth Zrike.

Involved fees earner: Caitlin Hutchinson Maddox – Shearman & Sterling; Daniel Kachmar – Shearman & Sterling; Erika Kent – Shearman & Sterling; Lona Nallengara – Shearman & Sterling; Nauka Patel – Shearman & Sterling; Alyssa Pont – Shearman & Sterling; Jason Pratt – Shearman & Sterling; Taylor Pugliese – Shearman & Sterling; Adam Sternberg – Shearman & Sterling; Philip Urofsky – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Bank of America Securities; Citigroup Global Markets Ltd; J.P. Morgan Securities LLC; Mizuho Securities;

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Author: Martina Bellini