Lowe's said it issued unsecured notes with an aggregate principal amount of $5.0 billion on September 30, 2025 and received net proceeds of approximately $4.97 billion after expenses and the underwriting discount.

1. 01

   Lowe's said it issued unsecured notes with an aggregate principal amount of $5.0 billion on September 30, 2025 and received net proceeds of approximately $4.97 billion after expenses and the underwriting discount.

2. 02

   The company issued 5 series of notes: $650 million at 3.950% due October 15, 2027, $750 million at 4.000% due October 15, 2028, $1.1 billion at 4.250% due March 15, 2031, $1.3 billion at 4.500% due October 15, 2032, and $1.2 billion at 4.850% due October 15, 2035.

3. 03

   Lowe's said the offering was not contingent upon the consummation of its previously announced acquisition of Foundation Building Materials, Inc., but if the company does not consummate the acquisition on or prior to August 19, 2027 or if the purchase agreement is terminated on or prior to such date, the company will be required to redeem all of the notes of each series at a redemption price equal to 101% of the aggregate principal amount, plus accrued and unpaid interest.

4. 04

   The company said that prior to the Par Call Date, it may redeem the notes at a redemption price equal to the greater of the present value of remaining scheduled payments of principal and interest discounted at the applicable Treasury Rate plus 10 to 15 basis points, or 100% of the principal amount, plus accrued and unpaid interest, and on or after the Par Call Date, at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest. It added that if a Change of Control Triggering Event occurs, holders of the notes may require the company to repurchase all or any part of their notes at a purchase price of 101% of the principal amount, plus accrued and unpaid interest.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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