1. Home Depot Eyes $12.5 Billion Debt Package to Fund SRS Merger.
- Author
-
Mutua, Caleb
- Subjects
MERGERS & acquisitions ,DEBT ,INVESTORS ,STOCK repurchasing ,BONDS (Finance) ,BANK mergers - Abstract
Home Depot Inc. plans to take on $12.5 billion of debt to finance its acquisition of building-products distributor SRS Distribution Inc. The company intends to use cash on hand, as well as new commercial paper and unsecured notes, to fund the deal. The acquisition is valued at approximately $18.25 billion and is expected to be completed in early 2025, pending regulatory approvals. Home Depot aims to maintain its investment-grade ratings and reduce leverage through debt repayment and Ebitda growth. The acquisition aligns with Home Depot's strategy to target professional contractors in the market. [Extracted from the article]
- Published
- 2024