Andrews Kurth Reps Wal-Mart In $2B Debt Issue

Law360, New York (April 1, 2010, 12:27 PM EDT) -- Wal-Mart Stores Inc. said Thursday it would issue nearly $2 billion in new debt, in the form of five- and 30-year notes, to be sold to a group of underwriters including Citigroup Global Markets Inc., Goldman Sachs & Co. and Wells Fargo Securities LLC and then marketed to the public.

The financial services firms will buy $750 million in 2.875 percent notes due 2015 and $1.25 billion in 5.625 percent notes due in 2040, according to Wal-Mart's filing with the U.S. Securities and Exchange Commission....
To view the full article, register now.