MOORESVILLE, N.C., Sept. 13, 2021 /PRNewswire/ -- Lowe's Companies,
Inc. (NYSE: LOW) announced today it has agreed to sell $1 billion of 1.700% Notes due 2028 and
$1 billion of 2.800% Notes due 2041
(collectively, the "Notes"). Lowe's plans to use the net proceeds
from the sale of the Notes for general corporate purposes. Closing
is expected to occur on September 20,
2021, subject to satisfaction of customary closing
conditions.
Barclays Capital Inc., Goldman Sachs & Co. LLC, U.S. Bancorp
Investments, Inc. and Wells Fargo Securities, LLC are acting as
joint book-running managers for the offering.
This offering was made under an effective registration statement
on file with the Securities and Exchange Commission. This press
release shall not constitute an offer to sell, a solicitation to
buy or an offer to purchase any securities. Any offers to sell, or
solicitations to buy, will be made solely by means of a prospectus
and related prospectus supplement filed with the Securities and
Exchange Commission. A copy of the prospectus and related
prospectus supplement for this offering may be obtained from
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY
11717, Telephone: 888-603-5847, Email:
barclaysprospectus@broadridge.com; Goldman Sachs & Co. LLC, 200
West Street, New York, New York
10282-2198, Attention: Prospectus Department, Telephone:
866-471-2526, Email: Prospectus-ny@ny.email.gs.com; U.S.
Bancorp Investments, Inc., 214 N. Tryon
Street, 26th Floor, Charlotte,
North Carolina 28202, Attention: Credit Fixed Income,
Telephone: 1-877-558-2607; or Wells Fargo Securities, LLC, 608
2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer
Service, Telephone: 1-800-645-3751, Email:
wfscustomerservice@wellsfargo.com.
Disclosure Regarding Forward-Looking Statements
Included herein are forward-looking statements, including
statements with respect to an anticipated financing. There are many
factors that affect management's views about future events and
trends of the business and operations of the company, all as more
thoroughly described in the company's filings with the Securities
and Exchange Commission. The company does not undertake any
obligation to update forward-looking information included in this
release or any of its public filings.
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home
improvement company serving approximately 20 million customers a
week in the United States and
Canada. With fiscal year 2020
sales of nearly $90 billion, Lowe's
and its related businesses operate or service more than 2,200 home
improvement and hardware stores and employ over 300,000 associates.
Based in Mooresville, N.C., Lowe's
supports the communities it serves through programs focused on
creating safe, affordable housing and helping to develop the next
generation of skilled trade experts.
LOW-IR
Contacts:
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Shareholder /
Analyst Inquiries:
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Media
Inquiries:
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Kate
Pearlman
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Jackie Pardini
Hartzell
|
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704-775-3856
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704-758-4317
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kate.pearlman@lowes.com
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jaclyn.pardini@lowes.com
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SOURCE Lowe's Companies, Inc.