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Form 8-K · Current Report · Filed 2024-05-09

Home Depot Establishes Revolving Credit Facilities for SRS Acquisition

On May 7, 2024, The Home Depot, Inc. established three revolving credit facilities totaling $14.5 billion to support its expanded commercial paper programs and the anticipated financing of its pending acquisition of SRS Distribution Inc. The facilities include a $3.5 billion 364-Day Credit Facility, a $1.0 billion Three-Year Credit Facility, and a $10.0 billion Capital Markets Credit Facility. The Company intends to use these facilities for general corporate purposes, including funding the SRS Acquisition.

Filer
Home Depot Inc. HD · NYSE
Filed
Accession
0000354950-24-000114
CIK
0000354950
Signal
Medium impactConsumer Cyclical

Items reported

Item 1.01

Entry into a Material Definitive Agreement

New Major Contract
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered

Market reaction

Close before filing

$338.83

Next session

+2.2%

Since filing

-2.0%

Latest close

$331.96

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from HD reporting the same item, with the next session's move:

About Home Depot Inc.

Home Depot Inc. is a leading retailer known for offering a wide range of home improvement products, construction materials, and services. Its primary function is to provide consumers and professional contractors with the necessary supplies and equipment for construction, maintenance, and home enhancement projects. Home Depot's expansive product lineup includes items for home decor, gardening equipment, building materials, and electrical and plumbing supplies, catering to both residential DIY enthusiasts and commercial builders. The company plays a critical role in the retail and home improvement sectors, impacting industries related to housing and construction. Home Depot, founded in 1978 and headquartered in Atlanta, Georgia, operates a vast network of stores across the United States, Canada, and Mexico. It is renowned for its large warehouse-style stores and a broad inventory, complementing its physical presence with an online sales platform that offers customers additional convenience. As a major player in the consumer retail market, Home Depot significantly influences trends in home renovation and continues to be a vital provider of resources for projects of varying scopes and complexities.

Exchange NYSE Industry Home Improvement Retail Company website ↗

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