Issuer:
|
Lowe’s Companies, Inc. | |
Ratings*:
|
A1 (Moody’s) / A (S&P) | |
Long-Term Debt Ratings*:
|
A1 (Moody’s) / A (S&P) / A (Fitch) | |
Aggregate Principal Amount Offered:
|
$475,000,000 | |
Maturity Date:
|
April 15, 2016 | |
Trade Date:
|
November 17, 2010 | |
Settlement Date (T+3):
|
November 22, 2010 | |
Coupon (Interest Rate):
|
2.125% per annum | |
Interest Payment Dates:
|
April 15 and October 15 of each year, beginning April 15, 2011 | |
Benchmark Treasury:
|
UST 1.25% due October 31, 2015 | |
Benchmark Treasury Price / Yield:
|
99-00 3/4 / 1.455% | |
Spread to Benchmark
Treasury:
|
0.68% (68 basis points) | |
Yield to Maturity:
|
2.135% | |
Public Offering Price:
|
99.95% of principal amount, plus accrued interest from the expected settlement date | |
Net Proceeds (before expenses):
|
$473,100,000 | |
Make Whole Call:
|
T+ 10 basis points (before one month prior to the maturity date) | |
Par Call:
|
On or after one month prior to the maturity date | |
CUSIP / ISIN:
|
548661 CS4 / US548661CS46 | |
Joint Book-Running
Managers:
|
Wells Fargo Securities, LLC U.S. Bancorp Investments, Inc. |
|
| |
||
Co-Managers:
|
J.P. Morgan Securities LLC |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated SunTrust Robinson Humphrey, Inc. Barclays Capital Inc. BB&T Capital Markets, a division of Scott & Stringfellow, LLC BMO Capital Markets Corp. BNP Paribas Securities Corp. BNY Mellon Capital Markets, LLC Fifth Third Securities, Inc. HSBC Securities (USA) Inc. Mitsubishi UFJ Securities (USA), Inc. Morgan Keegan & Company, Inc. PNC Capital Markets LLC The Williams Capital Group, L.P. Blaylock Robert Van, LLC |
| *Note: | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
Issuer:
|
Lowe’s Companies, Inc. | |
Ratings*:
|
A1 (Moody’s) / A (S&P) | |
Long-Term Debt Ratings*:
|
A1 (Moody’s) / A (S&P) / A (Fitch) | |
Aggregate Principal Amount Offered:
|
$525,000,000 | |
Maturity Date:
|
April 15, 2021 | |
Trade Date:
|
November 17, 2010 | |
Settlement Date (T+3):
|
November 22, 2010 | |
Coupon (Interest Rate):
|
3.75% per annum | |
Interest Payment Dates:
|
April 15 and October 15 of each year, beginning April 15, 2011 | |
Benchmark Treasury:
|
UST 2.625% due November 15, 2020 | |
Benchmark Treasury Price / Yield:
|
97-27 / 2.875% | |
Spread to Benchmark
Treasury:
|
0.88% (88 basis points) | |
Yield to Maturity:
|
3.755% | |
Public Offering Price:
|
99.96% of principal amount, plus accrued interest from the expected settlement date | |
Net Proceeds (before expenses):
|
$522,427,500 | |
Make Whole Call:
|
T+ 15 basis points (before three months prior to the maturity date) | |
Par Call:
|
On or after three months prior to the maturity date | |
CUSIP / ISIN:
|
548661 CT2 / US548661CT29 | |
Joint Book-Running Managers:
|
Wells Fargo Securities, LLC | |
| U.S. Bancorp Investments, Inc. | ||
Co-Managers:
|
J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated SunTrust Robinson Humphrey, Inc. Barclays Capital Inc. BB&T Capital Markets, a division of Scott & Stringfellow, LLC BMO Capital Markets Corp. BNP Paribas Securities Corp. BNY Mellon Capital Markets, LLC |
| Fifth Third Securities, Inc. HSBC Securities (USA) Inc. Mitsubishi UFJ Securities (USA), Inc. Morgan Keegan & Company, Inc. PNC Capital Markets LLC The Williams Capital Group, L.P. Blaylock Robert Van, LLC |
| *Note: | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |