Walmart on deck with two-part offering of fixed-rate senior notes

By Cristal Cody

Tupelo, Miss., Sept. 19 – Walmart Inc. plans to price two tranches of fixed-rate senior notes, according to a 424B2 filing with the Securities and Exchange Commission on Thursday.

Fitch Ratings, which assigned a AA rating to the notes on Thursday, expects the Walmart notes to total $1 billion.

Barclays, BofA Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.

The notes will have make-whole and par calls.

Proceeds will be used for general corporate purposes.

The discount retailer is based in Bentonville, Ark.

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