Home Depot talks benchmark two-part notes offering; pricing Thursday

By Aleesia Forni

Virginia Beach, May 28 – Home Depot Inc. is in the market on Thursday pricing a benchmark two-part offering of senior notes (A2/A/A), according to a market source and a 424B5 filing with the Securities and Exchange Commission.

The sale includes notes due 2022 talked at the 95 basis points area over Treasuries, and a tranche of notes due 2046 talked in the range of 145 bps to 150 bps over Treasuries.

BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. and J.P. Morgan Securities LLC are the joint bookrunners.

Proceeds will be used for general corporate purposes, including repurchasing shares of its common stock.

Home Depot is an Atlanta-based home improvement retailer.

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