Home Depot intends to issue fixed-rate notes in three tranches

By Devika Patel

Knoxville, Tenn., March 26 – Home Depot Inc. is marketing three tranches of fixed-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will have make-whole calls and par calls.

BofA Securities, Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC and U.S. Bancorp Investments Inc. are the bookrunners.

Proceeds will be used for general corporate purposes, including repayment of the 3.95% notes due Sept. 15, 2020, the 1.8% notes due June 5, 2020 and the floating-rate notes due June 5, 2020, and repurchases of common stock.

Home Depot is an Atlanta-based home improvement retailer.

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