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)
|
June
15, 2007
|
LOWE'S
COMPANIES, INC.
(Exact
name of registrant as specified in its charter)
|
North
Carolina
|
|
1-7898
|
|
56-0578072
|
|
(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
|
1000
Lowe's Blvd., Mooresville, NC
|
28117
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
|
|
|
|
Registrant's
telephone number, including area code
|
(704)
758-1000
|
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see
General
Instruction A.2. below):
|
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b))
|
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR
240.13e-4(c))
|
ITEM
1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On
June
15, 2007, Lowe’s Companies, Inc. (the “Company”) entered into an Amended and
Restated Credit Agreement (the “Amended Facility”) with Bank of America, N.A.,
Wachovia Bank, National Association, JPMorgan Chase Bank, N.A., SunTrust
Bank,
US Bank, National Association, Merrill Lynch Bank USA and the other lenders
party thereto. The Amended Facility amends and restates the credit agreement
dated July 30, 2004, which provided for a revolving credit facility of up
to $1
billion. The Amended Facility extends the maturity date to June 15, 2012
and
provides for a revolving credit facility in the amount of $1.75 billion,
which
includes a letter of credit sub-facility of up to $500 million and a swingline
sub-facility of up to $250 million. Borrowings are unsecured and priced based
upon market conditions at the time of funding. The Amended Facility contains
certain restrictive covenants, which include maintenance of a specified debt
leverage ratio, borrowing rates that are more favorable than those available
under the original credit agreement and permits the Company to increase the
total commitments available under the Amended Facility up to $2.25 billion
under
certain conditions. No borrowings are currently outstanding under the Amended
Facility.
ITEM
2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
The
disclosure required by this item and contained elsewhere in this Form 8-K
is
incorporated by reference.
SIGNATURE
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: June 21, 2007 | By: | /s/ Matthew V. Hollifield |
|
Matthew
V. Hollifield
Senior
Vice President and Chief
Accounting Officer
|
||