The Firm recently represented the underwriters in connection with a $4.25 billion offering of debt securities by Walmart Inc. (“Walmart”). Walmart offered and sold $350 million aggregate principal amount of its Floating Rate Notes Due 2029, $650 million aggregate principal amount of its 4.000% Notes due 2029, $1,000 million aggregate principal amount of its 4.150% Notes due 2031, $1,250 million aggregate principal amount of its 4.450% Notes due 2033 and $1,000 million aggregate principal amount of its 4.750% Notes due 2036. Walmart intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include repayment, refinancing or replacement of maturing debt, among other uses.
Walmart is a people-led, technology-powered omnichannel retailer dedicated to helping people around the world save money and live better by providing the opportunity to shop in both retail stores and through eCommerce, and to access their other service offerings. Each week, approximately 280 million customers and members visit more than 10,900 stores and numerous eCommerce websites in 19 countries. With fiscal year 2026 revenue of $713 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity.
The Simpson Thacher team included William Brentani, Daniel Webb, Jesse Feng, Sabrina Suen and Megan Johanneson (Capital Markets); Jonathan Cantor (Tax); and Jennie Getsin (FINRA and Blue Sky).