Home Depot Inc.'s New $1.5 Billion Senior Unsecured Notes Rated 'A' - S&P Global Ratings’ Credit Research

Home Depot Inc.'s New $1.5 Billion Senior Unsecured Notes Rated 'A'

Home Depot Inc.'s New $1.5 Billion Senior Unsecured Notes Rated 'A' - S&P Global Ratings’ Credit Research
Home Depot Inc.'s New $1.5 Billion Senior Unsecured Notes Rated 'A'
Published Sep 08, 2015
Published Sep 08, 2015
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Abstract:

NEW YORK (Standard&Poor's) Sept. 8, 2015--Standard&Poor's Ratings Services today assigned its 'A' issue-level rating to Atlanta-based Home Depot Inc.'s proposed $500 million senior unsecured floating rate notes and $1 billion senior unsecured fixed rate notes . We expect the company to issue the proposed notes under its shelf registration statement filed Aug. 25, 2015. We understand Home Depot will use the net proceeds for general corporate purposes including to fund its recently completed acquisition of Interline Brands and share repurchases. Pro forma for the proposed issuance, we estimate Home Depot will have adjusted leverage of 1.7x. Our 'A' corporate credit rating and stable outlook on Home Depot are unchanged. Home Depot's financial performance remains robust, reflecting

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Home Improvement Retail (25504030)
Sector
Global Issuers , Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Home Depot Inc.'s New $1.5 Billion Senior Unsecured Notes Rated 'A'" Sep 08, 2015. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Home-Depot-Inc-s-New-1-5-Billion-Senior-Unsecured-Notes-Rated-A-1447769>
  
APA:
S&P Global Ratings’ Credit Research. (). Home Depot Inc.'s New $1.5 Billion Senior Unsecured Notes Rated 'A' Sep 08, 2015. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Home-Depot-Inc-s-New-1-5-Billion-Senior-Unsecured-Notes-Rated-A-1447769>
  
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