Home Depot in deal pipeline with three-tranche offering of notes

By Cristal Cody

Tupelo, Miss., May 24 – Home Depot Inc. plans to price three tranches of senior notes (//A), according to a 424B5 filing with the Securities and Exchange Commission on Wednesday.

The deal includes two tranches of fixed-rate notes and one tranche of floating-rate notes.

BofA Merrill Lynch, Deutsche Bank Securities Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC are the bookrunners.

The floaters will not be redeemable before maturity. The fixed-rate notes will have make-whole and par calls.

Proceeds will be used for general corporate purposes, including repurchases of shares of the company’s common stock.

Home Depot is an Atlanta-based home improvement retailer.

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