Walmart’s $5 Billion Debt Offering – Global Legal Chronicle – Global Legal Chronicle

Simpson Thacher represented underwriters in the offering.

Walmart executed a $5 billion offering of debt securities.Walmart offered and sold $1.75 billion aggregate principal amount of its 3.9% Notes due 2025, $1 billion aggregate principal amount of its 3.95% Notes due 2027, $1.25 billion aggregate principal amount of its 4.15% Notes due 2032 and $1 billion aggregate principal amount of its 4.5% Notes due 2052. Walmart intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include repayment, refinancing or replacement of maturing debt, among other uses.

Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc., BBVA Securities Inc., NatWest Markets Securities Inc., Santander Investment Securities Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., Standard Chartered Bank, TD Securities (USA) LLC, ICBC Standard Bank Plc, Loop Capital Markets LLC, Academy Securities, Inc., AmeriVet Securities, Inc., Blaylock Van, LLC, C.L. King & Associates, Inc., R. Seelaus & Co., LLC acted as underwriters for the offering.

Walmart (NYSE: WMT) helps people around the world save money and live better—anytime and anywhere—in retail stores, online, and through their mobile devices. Each week, approximately 230 million customers and members visit more than 10,500 stores and clubs under 46 banners in 24 countries and eCommerce websites. With fiscal year 2022 revenue of $573 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity.

The Simpson Thacher team included William Brentani (Picture), Kelli Schultz, Jesse Feng and Laura Yang (Capital Markets); Jonathan Cantor and Eli Shalam (Tax); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: William Brentani – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jesse Feng – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Kelli Schultz – Simpson Thacher & Bartlett; Eli Shalam – Simpson Thacher & Bartlett; Laura Yang – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Walmart;