The Firm recently represented the underwriters in connection with a $4.0 billion offering of debt securities by Walmart Inc. (“Walmart”). Walmart offered and sold $750.0 million aggregate principal amount of its Floating Rate Notes Due 2027, $750.0 million aggregate principal amount of its 4.100% Notes due 2027, $1,000 million aggregate principal amount of its 4.350% Notes due 2030 and $1,500.0 million aggregate principal amount of its 4.900% Notes due 2035. 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.
Walmart is a people-led, tech-powered omnichannel retailer helping people save money and live better — anytime and anywhere — in stores, online, and through their mobile devices. Each week, approximately 270 million customers and members visit more than 10,750 stores and numerous eCommerce websites in 19 countries. With fiscal year 2025 revenue of $681 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity.
The Simpson Thacher team included William Brentani, Kelli Schultz-Panas, Jesse Feng, Laura Yang and Sabrina Suen (Capital Markets); Jonathan Cantor (Tax); and Jennie Getsin (FINRA and Blue Sky).