The Home Depot’s $2 Billion Notes Offering


Davis Polk advised the underwriters in connection with an SEC-registered offering of The Home Depot, advised by Alston & Bird.

The Home Depot, Inc. completed a public offering of $750,000,000 aggregate principal amount of 2.950% Notes due June 15, 2029 and $1,250,000,000 aggregate principal amount of 3.125% Notes due December 15, 2049.

Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as underwrtiters in the offering.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,290 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. (Picture) and associates Pedro J. Bermeo and Young-Min Cho. Partner Mario J. Verdolini and associate Liang Zhang provided tax advice. Counsel Loyti Cheng and associate Cristina Harshman provided environmental advice.

Involved fees earner: Pedro Bermeo – Davis Polk & Wardwell; Loyti Cheng – Davis Polk & Wardwell; Young-Min Cho – Davis Polk & Wardwell; Cristina Harshman – Davis Polk & Wardwell; Richard Truesdell Jr. – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; Liang Zhang – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; Barclays Capital ; J.P. Morgan Securities LLC; Morgan Stanley;

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Author: Ambrogio Visconti