Lowe’s Companies (NYSE:LOW) said in an SEC filing on Friday that it will acquire all the shares of Delaware corporation, ASP Flag Parent Holdings, for ~$8.8B.
The home improvement company has entered into a credit agreement for a $2B unsecured revolving loan facility to replace its existing $2B unsecured revolving credit facility.
Also, the company has signed a term loan credit agreement for a $2B unsecured term loan facility. Additionally, Lowe’s said an aggregate amount of up to $5B in bridge facility commitments remain.