Wal-Mart to Raise $2B in Debt Offering

BENTONVILLE, Ark. — Wal-Mart Stores here said it plans to raise $2 billion in new debt offerings.

BENTONVILLE, Ark. — Wal-Mart Stores here said it plans to raise $2 billion in new debt offerings. According to a document filed with the Securities and Exchange Commission, the retailer is planning to sell $750 million in notes due in 2015 and $1.25 billion in notes due in 2040. The company said the offering would raise $1.97 billion after fees and be used to retire short-term debts, finance acquisitions, and for general corporate purposes.

Read More of Today's Headlines [2]