Lowe's Cos., Inc., founded in 1946 and headquartered in Mooresville, North Carolina, is a leading home improvement retailer committed to providing customers with a comprehensive range of products and services for home improvement, remodeling, and repair. The company operates over 1,700 stores across the United States and Canada, offering a diverse selection of items such as building materials, appliances, tools, and garden supplies.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Lowe's began issuing bonds in 1993, allowing the company to build on its growth strategy through capital markets. Notable issuances include a $1 billion bond offering in 2020, which helped fund operational needs during the COVID-19 pandemic, and a $1.5 billion issuance in 2021 as part of a broader refinancing effort. As of October 2023, Lowe's bonds have yields competitive with the retail sector average, providing investors with attractive fixed-income opportunities while showcasing the company's robust financial standing and keen market adaptability.