Walmart 8-K

Summary

Walmart’s $4.25B senior unsecured note offering. The company agreed to sell five tranches, with closing expected on 4/30/2026 subject to customary conditions. Net proceeds are expected to be $4.23B after underwriting discounts and before transaction expenses.

Key Figures

• Principal amount and terms: $350M floating-rate notes due 2029; $650M of 4.000% notes due 2029; $1.0B of 4.150% notes due 2031; $1.25B of 4.450% notes due 2033; and $1.0B of 4.750% notes due 2036.
• Aggregate public offering price: $4.25B before underwriting discounts and transaction expenses. Aggregate net proceeds: $4.23B after underwriting discounts and before transaction expenses.
• All five series are senior unsecured debt and rank equally with Walmart’s other senior unsecured debt.

Investor Takeaways

• Watch for completion of the sale, expected on 4/30/2026, subject to the agreement’s conditions.