Simpson Thacher Represents Underwriters in $1.75 Billion Debt Offering by Wal-Mart
10.03.13
This is only gets display when printing
The Firm represented Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc., Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc., Wells Fargo Securities, LLC and other underwriters in connection with a $1.75 billion offering of debt securities by Wal-Mart Stores, Inc.
Wal-Mart offered and sold $1.0 billion of its 1.950% Notes due 2018 and $750 million of its 4.750% Notes due 2043. The net proceeds from the offering will be used for general corporate purposes.
Wal-Mart is the world’s largest retailer, with total net sales of $466.1 billion in its fiscal year ended January 31, 2013.
The Simpson Thacher team for the debt offering included, among others, John D. Lobrano, Jeremy Barr, Allison Wilson and John O’Connell (Capital Markets) and Jennie Getsin (Blue Sky).