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Industry: Email Alert RSS FeedWal-Mart eyes $1B unsecured debt issue - Wal-Mart Stores Inc - Marketwatch
Discount Store News, April 1, 1991
Wal-Mart Eyes $1B Unsecured Debt Issue
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BENTONVILLE, Ark. -- Wal-Mart has filed a shelf registration with the Securities and Exchange Commission to raise up to $1 billion of unsecured debt. The funds would be used for working capital and to repay short-term debt, which currently totals about $756 million. The move would enable the discounter to swap short-term borrowing for long-term debt at a lower interest rates, although the length of the debt securities and their interest rates still have to be set.
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