Home Depot Terminates Material Definitive Agreement
Ticker: HD · Form: 8-K · Filed: Jun 27, 2024 · CIK: 354950
| Field | Detail |
|---|---|
| Company | Home Depot, INC. (HD) |
| Form Type | 8-K |
| Filed Date | Jun 27, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.05, $10.0 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, material-contract
Related Tickers: HD
TL;DR
HD just terminated a big contract, details TBD.
AI Summary
On June 27, 2024, The Home Depot, Inc. filed an 8-K to report the termination of a material definitive agreement. The filing does not specify the counterparty or the nature of the agreement, only that it has been terminated.
Why It Matters
The termination of a material definitive agreement could signal a change in strategic partnerships or contractual obligations for Home Depot, potentially impacting future operations or financial arrangements.
Risk Assessment
Risk Level: medium — The termination of a material definitive agreement, without immediate further explanation, introduces uncertainty about the nature of the agreement and its potential impact on the company's business.
Key Players & Entities
- The Home Depot, Inc. (company) — Registrant
- June 27, 2024 (date) — Date of Report
FAQ
What specific material definitive agreement was terminated by The Home Depot, Inc.?
The filing does not specify the name or nature of the material definitive agreement that was terminated.
Who was the counterparty to the terminated material definitive agreement?
The filing does not disclose the identity of the other party involved in the terminated agreement.
What is the effective date of the termination of the material definitive agreement?
The filing indicates the termination was reported as of June 27, 2024.
Does the termination of this agreement have any immediate financial implications disclosed in the filing?
The filing does not provide specific details on immediate financial implications resulting from the termination.
Is there any indication of why this material definitive agreement was terminated?
The filing does not provide a reason for the termination of the material definitive agreement.
Filing Stats: 432 words · 2 min read · ~1 pages · Grade level 10.9 · Accepted 2024-06-27 16:07:56
Key Financial Figures
- $0.05 — ange on which registered Common Stock, $0.05 Par Value Per Share HD New York Stock E
- $10.0 billion — ot, Inc. (the "Company") terminated its $10.0 billion 364-day revolving credit facility agree
Filing Documents
- hd-20240627.htm (8-K) — 23KB
- 0000354950-24-000183.txt ( ) — 143KB
- hd-20240627.xsd (EX-101.SCH) — 2KB
- hd-20240627_lab.xml (EX-101.LAB) — 21KB
- hd-20240627_pre.xml (EX-101.PRE) — 12KB
- hd-20240627_htm.xml (XML) — 3KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. Effective June 27, 2024, The Home Depot, Inc. (the "Company") terminated its $10.0 billion 364-day revolving credit facility agreement dated as of May 7, 2024, among the Company, the banks party thereto, and JPMorgan Chase Bank, N.A. as administrative agent. There were no borrowings under the credit facility, and the Company determined that the credit facility was no longer necessary. 2 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. THE HOME DEPOT, INC. Date: June 27, 2024 By: /s/ Richard V. McPhail Name: Richard V. McPhail Title: Executive Vice President and Chief Financial Officer 3