Home Depot Plans $12.5 Billion Debt for SRS Distribution Purchase

Home Depot Inc. revealed to investors its intention to acquire building-products distributor, SRS Distribution Inc., and anticipates taking on $12.5 billion of debt to facilitate the purchase. Its CFO, Richard McPhail, confirmed the plan during a recent conference call, emphasizing that the deal is valued at approximately $18.25 billion. The world's largest hardware store chain plans to finance the acquisition using cash reserves, as well as via new commercial paper and unsecured notes. This strategic move highlights Home Depot's commitment and confidence in bolstering its position in the market, showcasing its proactive approach and forward-thinking business strategy.