Atlanta, GA, September 14--Home Depot has said that it has agreed to sell $1 billion aggregate principal amount of its 3.75% Senior Notes due 2009 through an institutional private placement.
The company said it intends to use the net proceeds from the offering for general corporate purposes, including using up to $500 million of the net proceeds to fund the repayment of $500 million aggregate principal amount of its outstanding 6-1/2% Senior Notes due 2004, which mature on September 15, 2004.
