Weil, Gotshal & Manges has advised The Home Depot, Inc. on a $2 billion notes offering. The transaction includes $500 million in 3.750% notes due September 15, 2028; $500 million in 3.950% notes due September 15, 2030; and $1 billion in 4.650% notes due September 15, 2035.
The proceeds from the offering will be used to repay commercial paper. Along with cash on hand, these funds were used to finance the purchase price of Home Depot’s acquisition of GMS Inc., as well as to pay related fees and expenses.
The Weil team working on the deal was led by Capital Markets partners Michael Stein and Frank Adams. The team also included Capital Markets associates Federica Marini and Danny O’Hara; Global Tax Chair Joseph Pari and associates Grant Solomon and Madeline Joerg; Regulatory partner Timothy Welch; and Private Funds Regulatory partner David Wohl.