DBRS Assigns Rating of “A,” Stable Trend, to Home Depot’s New Debt Issuance

DBRS Limited (DBRS) has today assigned a rating of “A” with a Stable trend to Home Depot, Inc.’s (Home Depot or the Company) multi-tranche debt issuance totalling $1.5 billion announced on September 8, 2015.

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

(1) $500 million floating-rate senior unsecured notes due September 15, 2017, and

(2) $1 billion 3.35% senior unsecured notes due September 15, 2025.

The Notes will be unsecured obligations ranking pari passu with Home Depot’s other senior unsecured indebtedness. The Company intends to use the net proceeds from the Notes for general corporate purposes, including the funding of its recently completed acquisition of Interline Brands, Inc.

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

The applicable methodology is Rating Companies in the Merchandising Industry (August 2015), which can be found on our website under Methodologies.