The Home Depot’s $5.0 Billion Notes Offering

Alston & Bird LLP acted as counsel to The Home Depot, Inc, while Davis Polk advised the representatives of the several underwriters in connection with the offering.

The Home Depot completed the offering of $750 million aggregate principal amount of 2.500% notes due 2027, $1.5 billion aggregate principal amount of 2.700% notes due 2030, $1.25 billion aggregate principal amount of 3.300% notes due 2040 and $1.5 billion aggregate principal amount of 3.350% notes due 2050.

BofA Securities, Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc., Goldman Sachs & Co. LLC, BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Fifth Third Securities, Inc., Mizuho Securities USA LLC, RBC Capital Markets, LLC, Siebert Williams Shank & Co., LLC, SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., and Samuel A. Ramirez & Company, Inc. acted as underwriters for the offering.

The Home Depot is the world’s largest home improvement retailer, with 2,291 retail stores throughout the United States (including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam), Canada and Mexico.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. (Picture) and associates Pedro J. Bermeo and Stephen H. Karp. Partner Mario J. Verdolini 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; Cristina Harshman – Davis Polk & Wardwell; Stephen Karp – Davis Polk & Wardwell; Richard Truesdell Jr. – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; Barclays Capital ; BNY Mellon Capital Markets; Citigroup Global Markets Ltd; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities; Fifth Third Securities, Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Mizuho Securities; Morgan Stanley; RBC Capital Markets; Samuel A. Ramirez & Company, Inc.; Siebert Williams Shank & Co. LLC; SunTrust Robinson Humphrey, Inc.; TD Securities; U.S. Bancorp Investments; Wells Fargo Securities;

Author: Ambrogio Visconti