Wal-Mart Stores, Inc. Commenced Cash Tender Offer for Outstanding Notes of its Series Notes
January 09, 2018 at 04:29 pm EST
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On January 9, 2018, Wal-Mart Stores, Inc. announced the commencement of a cash tender offer for outstanding notes of its series of 7.55% notes due 2030, 6.750% debentures due 2023, 4.250% notes due 2021, 3.250% notes due 2020, 1.950% notes due 2018, 6.500% notes due 2037, 6.200% notes due 2038, 5.625% notes due 2041, 5.625% notes due 2040, 5.25% notes due 2035, 5.000% notes due 2040, 4.875% notes due 2040, 4.750% notes due 2043, 5.875% notes due 2027, 4.300% notes due 2044, 4.000% notes due 2043, 4.125% notes due 2019 and 3.625% notes due 2020 (collectively, the “Dollar Securities”) and the commencement of a cash tender offer for outstanding notes of its series of 4.875% notes due 2039, 5.250% notes due 2035 and 5.750% notes due 2030 (collectively, the “Sterling Securities” and, together with the Dollar Securities, the “Securities”). Pursuant to the tender offer for the Dollar Securities (the “Dollar Tender Offer”), the Company will pay aggregate consideration (excluding accrued interest) of up to $4 billion for the Dollar Securities it purchases in the Dollar Tender Offer. Pursuant to the tender offer for the Sterling Securities (the “Sterling Tender Offer” and, together with the Dollar Tender Offer, the “Tender Offers”), the Company will pay aggregate consideration (excluding accrued interest) of up to £650 million for the Sterling Securities it purchases in the Sterling Tender Offer. Each of the Tender Offers will expire at 11:59 p.m., New York City time, on February 6, 2018, unless that Tender Offer is extended or earlier terminated.
Walmart Inc. is the world's leading distribution group. Net sales break down by activity as follows:
- distribution in the United States and Porto Rico (83.3%): this activity is performed, at the end of January 2023, through the following names: Wal-Mart (83.3% of net sales; reduced-price retail distribution; 4,717 outlets, of which 3,572 supermarkets, 364 discount outlets, and 781 convenience stores), and Sam's Club (16.7%; 600 warehouses accessible to members only in the United States);
- international distribution (16.7%): 5,306 points of sales located in Mexico (2,862), Central America (882), China (365), Africa (375), Canada (402), Chile (392) and India (28).
WALMART INC. 
