Lowe's to sell $2 billion in notes

Morrisville, N.C. -- Lowe’s Cos. said Monday it will sell $2 billion in notes, with net proceeds, estimated at $1.982 billion, to be used for general corporate purposes.

Closing is expected to occur on April 23. Lowe's plans to sell $500 million of 1.625% notes due 2017, $750 million of 3.12% notes due 2022 and $750 million of 4.65% notes due 2042.

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