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Lowe’s to sell $1.25 billion of notes
Mooresville, N.C. - Lowe's Companies Inc. has agreed to sell $450 million of floating rate notes due 2019, $450 million of 3.125% notes due 2024 and $350 million of 4.250% notes due 2044. Estimated net proceeds from this offering will be approximately $1.24 billion, after deducting offering expenses and underwriters' discounts.
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Home Depot names new CEO: Craig Menear to succeed Frank Blake
Atlanta -- The Home Depot on Thursday named Craig Menear, president of the chain's U.S. retail business, as CEO and president, effective Nov. 1. Menear succeeds chairman and CEO Frank Blake. Blake, who has held the top spot since 2007, will remain chairman.
Menear, who was also elected to the company's board of directors, effectively immediately, assumed his current position in February 2014. He is a 34-year retail veteran, and has been a key leader in the company's success, the retailer said.