| Lowe’s Companies, Inc. | ||
| 5.60% Notes Due 2012 | ||
| 6.10% Notes Due 2017 | ||
| 6.65% Notes Due 2037 | ||
5.60% Notes Due 2012 | ||
Issuer: | Lowe’s Companies, Inc. | |
Aggregate Principal Amount Offered: | $550,000,000 | |
Maturity Date: | September 15, 2012 | |
Coupon (Interest Rate): | 5.60% per annum | |
Price to Public (Issue Price): | 99.831% of principal amount, plus accrued interest from the expected settlement date | |
Yield to Maturity: | 5.639% | |
Net Proceeds: | $547,145,500(before transaction expenses) | |
Benchmark Treasury: | UST 4.125% due August 31, 2012 | |
Benchmark Treasury Price and Yield: | 99-20; 4.209% | |
Spread to Benchmark Treasury: | 1.43% (143 basis points) | |
Interest Payment Dates: | Semi-annually on March 15 and September 15, commencing on March 15, 2008 | |
Day Count: | 30/360 | |
Make Whole Call: | T+ 20 basis points | |
Change of Control: | If a change of control triggering event occurs, unless the Issuer has exercised its right to | |
| redeem the Notes, it will be required to make an offer to purchase the Notes at a purchase price | ||
| equal to 101% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to | ||
| the date of redemption. |
Minimum Denominations: | $1,000 and integral multiples of $1,000 in excess thereof | |
Trade Date: | September 6, 2007 | |
Settlement Date (T+3): | September 11, 2007 | |
Underwriters: | J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wachovia | |
| Capital Markets, LLC | ||
Co-Managers: | Banc of America Securities LLC, Barclays Capital Inc., BB&T Capital Markets, a division of Scott | |
| & Stringfellow, Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., BNY Capital | ||
| Markets, Inc., Fifth Third Securities, Inc., HSBC Securities (USA) Inc., Morgan Keegan & | ||
| Company, Inc., NatCity Investments, Inc., SunTrust Robinson Humphrey, Inc., U.S. Bancorp | ||
| Investments, Inc., Wedbush Morgan Securities Inc. and Wells Fargo Securities, LLC | ||
Long-term debt ratings: | Moody’s, A1 (Stable); S&P, A+ (Stable); Fitch, A+ (Stable) |
| Note: | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time |
6.10% Notes Due 2017 | ||
Issuer: | Lowe’s Companies, Inc. | |
Aggregate Principal Amount Offered: | $250,000,000 | |
Maturity Date: | September 15, 2017 | |
Coupon (Interest Rate): | 6.10% per annum | |
Price to Public (Issue Price): | 99.918% of principal amount, plus accrued interest from the expected settlement date | |
Yield to Maturity: | 6.111% | |
Net Proceeds: | $248,670,000(before transaction expenses) | |
Benchmark Treasury: | UST 4.75% due August 15, 2017 | |
Benchmark Treasury Price and Yield: | 101-28+; 4.511% | |
Spread to Benchmark Treasury: | 1.60% (160 basis points) | |
Interest Payment Dates: | Semi-annually on March 15 and September 15, commencing on March 15, 2008 | |
Day Count: | 30/360 | |
Make Whole Call: | T+ 25 basis points | |
Change of Control: | If a change of control triggering event occurs, unless the Issuer has exercised its right to | |
| redeem the Notes, it will be required to make an offer to purchase the Notes at a purchase price | ||
| equal to 101% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to | ||
| the date of redemption. | ||
Minimum Denominations: | $1,000 and integral multiples of $1,000 in excess thereof | |
Trade Date: | September 6, 2007 | |
Settlement Date (T+3): | September 11, 2007 |
Underwriters: | J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wachovia | |
| Capital Markets, LLC | ||
Co-Managers: | Banc of America Securities LLC, Barclays Capital Inc., BB&T Capital Markets, a division of Scott | |
| & Stringfellow, Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., BNY Capital | ||
| Markets, Inc., Fifth Third Securities, Inc., HSBC Securities (USA) Inc., Morgan Keegan & | ||
| Company, Inc., NatCity Investments, Inc., SunTrust Robinson Humphrey, Inc., U.S. Bancorp | ||
| Investments, Inc., Wedbush Morgan Securities Inc. and Wells Fargo Securities, LLC | ||
Long-term debt ratings: | Moody’s, A1 (Stable); S&P, A+ (Stable); Fitch, A+ (Stable) |
| Note: | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time |
6.65% Notes Due 2037 | ||
Issuer: | Lowe’s Companies, Inc. | |
Aggregate Principal Amount Offered: | $500,000,000 | |
Maturity Date: | September 15, 2037 | |
Coupon (Interest Rate): | 6.65% per annum | |
Price to Public (Issue Price): | 99.587% of principal amount, plus accrued interest from the expected settlement date | |
Yield to Maturity: | 6.682% | |
Net Proceeds: | $493,560,000(before transaction expenses) | |
Benchmark Treasury: | UST 4.75% due February 15, 2037 | |
Benchmark Treasury Price and Yield: | 99-06; 4.802% | |
Spread to Benchmark Treasury: | 1.88% (188 basis points) | |
Interest Payment Dates: | Semi-annually on March 15 and September 15, commencing on March 15, 2008 | |
Day Count: | 30/360 | |
Make Whole Call: | T+ 30 basis points | |
Change of Control: | If a change of control triggering event occurs, unless the Issuer has exercised its right to | |
| redeem the Notes, it will be required to make an offer to purchase the Notes at a purchase price | ||
| equal to 101% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to | ||
| the date of redemption. | ||
Minimum Denominations: | $1,000 and integral multiples of $1,000 in excess thereof | |
Trade Date: | September 6, 2007 | |
Settlement Date (T+3): | September 11, 2007 |
Underwriters: | J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wachovia | |
| Capital Markets, LLC | ||
Co-Managers: | Banc of America Securities LLC, Barclays Capital Inc., BB&T Capital Markets, a division of Scott | |
| & Stringfellow, Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., BNY Capital | ||
| Markets, Inc., Fifth Third Securities, Inc., HSBC Securities (USA) Inc., Morgan Keegan & | ||
| Company, Inc., NatCity Investments, Inc., SunTrust Robinson Humphrey, Inc., U.S. Bancorp | ||
| Investments, Inc., Wedbush Morgan Securities Inc. and Wells Fargo Securities, LLC | ||
Long-term debt ratings: | Moody’s, A1 (Stable); S&P, A+ (Stable); Fitch, A+ (Stable) |
| Note: | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time |
