Walmart Inc. has entered into a Pricing Agreement dated October 19, 2026, to issue a series of senior, unsecured debt securities. The offering consists of U.S. Notes and Canadian Notes, with the total aggregate principal amount expected to be approximately $7.98 billion.
Under the U.S. Offering Pricing Agreement, Walmart has agreed to sell $750 million of 5.050% Notes due 2029, $500 million of 5.150% Notes due 2031, $1 billion of 5.350% Notes due 2033, and $750 million of 5.550% Notes due 2036. The Canadian Offering Pricing Agreement covers the sale of C$750 million of 4.150% Notes due 2030, C$2 billion of 4.450% Notes due 2033, C$1.75 billion of 4.950% Notes due 2038, and C$500 million of 5.250% Notes due 2056.
The company expects to consummate the sale and purchase of the Notes on October 23, 2026. The Notes of each series will be governed by an Indenture dated July 19, 2005, as amended and supplemented, between Walmart and The Bank of New York Mellon Trust Company, N.A., as trustee.
The public offering prices for the notes are as follows: the 2029 Notes at 99.994% of principal, the 2030 Notes at 99.996% of principal, the 2031 Notes at 99.800% of principal, the 2033 U.S. Notes at 99.873% of principal, the 2033 Canadian Notes at 99.946% of principal, the 2036 Notes at 99.780% of principal, the 2038 Notes at 99.991% of principal, and the 2056 Notes at 99.805% of principal.
The net proceeds to the Company from the sale of the U.S. Notes, after underwriting discounts but before transaction expenses, are expected to be approximately $2.99 billion. The net proceeds from the sale of the Canadian Notes are expected to be approximately C$4.98 billion.
