DBRS Assigns Rating of A (low) to The Home Depot, Inc.’s New Debt Issuance, Positive Trend

DBRS has today assigned a rating of A (low) with a Positive trend to The Home Depot, Inc.’s (Home Depot or the Company) multi-tranche debt issuance totalling $2 billion announced on April 2, 2013.

The issuance is made up of the following tranches (collectively, the Notes):

(1) $1 billion 2.7% senior unsecured notes maturing April 1, 2023.

(2) $1 billion 4.2% senior unsecured notes maturing April 1, 2043.

The Notes will be unsecured obligations ranking pari passu with Home Depot’s other senior unsecured indebtedness. Proceeds are expected to be used for general corporate purposes, including repurchases of shares of the Company’s common stock.

Notes:
All figures are in U.S. dollars unless otherwise noted

The applicable methodology is Rating Companies in the Merchandising Industry, which can be found on our website under Methodologies.