Lowe's Prices $1.3B Offering

Mooresville. NC, September 7, 2007--Lowe's said Thursday it priced a $1.3 billion offering of notes.

The company will sell $550 million of 5.6% notes due 2012, $250 million of 6.1% notes due 2017 and $500 million of 6.65% notes due 2037.

Proceeds of the offering, expected to close on Sept. 11, will be used for general corporate purposes and to finance repurchases of Lowe's common stock, the company said.