Home Depot (HD) Terminates Certain Credit Facilities

As previously reported, Home Depot (NYSE: HD) is party to multiple revolving credit facilities that backstop the Company’s $7.0 billion commercial paper program. On May 6, 2025, the Company terminated its $2.0 billion 364-day revolving credit facility agreement, dated as of May 7, 2024 (the “May 2024 364-Day Facility”), with JPMorgan Chase Bank, N.A., as administrative agent, under which no borrowings were outstanding. The Company entered into the May 2024 364-Day Credit Facility to allow for borrowings for general corporate purposes, including to backstop the Company’s expanded commercial paper program in connection with the financing of the acquisition of SRS Distribution, Inc., which closed on June 18, 2024.

Also on May 6, 2025, the Company terminated its remaining revolving credit facility agreements and simultaneously entered into two new revolving credit facility agreements that provide for commitments to borrow an aggregate of $7.0 billion. The new revolving credit facility agreements allow for borrowings for general corporate purposes, including to backstop the Company’s $7.0 billion commercial paper program.

You May Also Be Interested In

• Lucid shares pare losses after rebuffing bankruptcy rumors
• Vision Marine completes $16.3M ATM offering, holds $9.5M cash
• Alcoa (AA) PT Lowered to $58 at Freedom Broker