Walmart comes to market with a five-part offering of notes

By Mary-Katherine Stinson

Lexington, Ky., April 12 – Walmart Inc. is offering five fixed-rate notes (//AA), according to a Wednesday 424B2 filing with the Securities and Exchange Commission.

There will be provisions for optional make-whole calls and par calls.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Mizuho Securities USA LLC, BNP Paribas Securities Corp., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint bookrunners for the SEC-registered deal.

Bank of New York Mellon Trust Co., NA is the trustee.

Hunton Andrews Kurth LLP is advising Walmart regarding legal matters. Simpson Thacher & Bartlett LLP is working as counsel to the underwriters.

Proceeds will be used for general corporate purposes.

In the press release from Fitch Ratings regarding the upcoming deal, the agency noted the rating applied to a deal size up to $5 billion.

The discount retailer is based in Bentonville, Ark.

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