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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): February 19, 1999
LOWE'S COMPANIES, INC.
(Exact Name of Registrant as Specified in its Charter)
NORTH CAROLINA 1-7898 56-0578072
(State Of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
Highway 268 East
North Wilkesboro, NC 28656
(336) 658-4000
(Address and Telephone Number of Registrant's Principal Executive Offices)
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ITEM 5. OTHER EVENTS.
On February 19, 1999, the Company issued a news release announcing the
private placement of $400 million in debt. A copy of the news release is
attached as an exhibit to this filing.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
99.1(a) News release dated February 19, 1999 announcing private placement
of $400 million in debt
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LOWE'S COMPANIES, INC.
Date: February 22, 1999
By: /S/ KENNETH W. BLACK, JR.
Kenneth W. Black, Jr.
Vice President and
Corporate Controller
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EXHIBIT INDEX
Exhibit No. Description
99.1(a) News release dated February 19, 1999 announcing
private placement of $400 million in debt.
EXHIBIT 99.1(a)
Lowe's Announces Private Placement of Debt
North Wilkesboro, NC, February 19, 1999 - Lowe's Companies, Inc. (NYSE:LOW),
the nation's second largest home improvement retailer, announced that it has
sold $400 million of 30-year bonds in a private sale. The Debentures were sold
at 99.522% of par to yield 6.536%. Interest on the Debentures is payable
semi-annually each September 15 and March 15. The Debentures are not subject
to redemption prior to maturity. Net proceeds from the sale of the Debentures
will be used to finance the company's store expansion program and for general
corporate purposes. The Debentures have not been registered under the
Securities Act of 1933 or state securities laws and may not be offered or sold
in the United States absent such registration or an applicable exemption from
registration.
Lowe's Companies, Inc. is the second largest retailer of home improvement
products in the nation, serving over four million do-it-yourself retail and
commercial business customers weekly through 484 stores in 27 states.
Headquartered in North Wilkesboro, N.C., the 53-year old company employs
over 65,000 people. More information on the company is available on Lowe's
web site at www.lowes.com.
Shareholders' and Security Analysts' Inquiries:
Robert A. Niblock 336-658-4860
Carson Anderson 336-658-4385
Media Inquiries:
Brian Peace 336-658-4170
