BB&T Capital Markets Serves as Co-Manager for Lowe’s $3 Billion Two Tranche Offering of Senior Notes due 2027 and 2047
On April 19, 2017, BB&T Capital Markets served as a co-manager for a $3 billion two tranche offering of senior notes due 2027 and 2047 by Lowe’s Companies.
Proceeds from the offering are being used for general corporate purposes.
About the Companies
Lowe’s operates as a home improvement company in the United States, Canada, and Mexico. The company offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as building materials, tools, appliances, fixtures, plumbing and electrical, flooring, kitchens, outdoor power equipment, and more. Lowe’s also offers installation services, extended protection plans, and warranty repair services. The company operates around 2,300 home improvement and hardware stores. Lowe’s sells its products through online sites comprising Lowes.com and Lowesforpros.com; and through mobile applications. Lowe’s was founded in 1946 and is headquartered in Mooresville, North Carolina.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.