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Home Depot plans to sell fixed-, floating-rate notes in five parts
By Devika Patel
Knoxville, Tenn., March 24 – Home Depot Inc. is marketing five tranches of notes, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will be sold in four fixed-rate tranches and one tranche of floaters.
The fixed-rate notes will have make-whole calls followed by par calls. The floaters are non-callable.
Barclays, BofA Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.
Bank of New York Mellon Trust Co., NA is the trustee.
Counsel to the issuer is provided by Alston & Bird LLP and to the underwriters by Davis Polk & Wardwell LLP.
Proceeds will be used for general corporate purposes, including debt repayment and stock repurchases.
Home Depot is an Atlanta-based home improvement retailer.
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