Costco Wholesale Corporation announced the pricing of its offering of $4 billion aggregate principal amount of senior unsecured notes. The notes consist of the following tranches:
$1.25 billion principal amount of 1.375 percent notes due June 20, 2027
$1.75 billion principal amount of 1.6 percent notes due April 20, 2030
$1 billion principal amount of 1.75 percent notes due April 20, 2032
Costco intends to use the net proceeds from the offering to repay at or prior to maturity all of our 2.15 percent Senior Notes due May 2021, in an aggregate principal amount of $1 billion, as well as all of our 2.25 percent Senior Notes due February, 2022, in an aggregate principal amount of $500 million. Remaining proceeds will be used for general corporate purposes. The offering is expected to close on April 20, 2020, subject to customary closing conditions.
Click here for more information and the company’s official statement.