Walmart Inc. Files 8-K on Debt Issuances

TL;DR

Walmart just dropped an 8-K detailing a bunch of new debt notes with varying rates and maturities.

AI Summary

On September 6, 2024, Walmart Inc. filed an 8-K report detailing various debt issuances. These include "A 2.550% Notes Due 2026" and "A 10.50% Notes Due 2026", among other notes with varying interest rates and maturity dates up to 2039. The filing indicates these are part of Walmart's ongoing financing activities.

Why It Matters

This filing provides insight into Walmart's capital structure and its ongoing debt financing strategies, which can impact its financial leverage and future investment capacity.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of debt issuances and does not indicate any immediate operational or financial distress.

Key Numbers

• 2.550% — Interest Rate (Notes Due 2026)
• 10.50% — Interest Rate (Notes Due 2026)
• 2039 — Maturity Year (Longest dated notes)

Key Players & Entities

• Walmart Inc. (company) — Registrant
• September 6, 2024 (date) — Filing Date
• A 2.550% Notes Due 2026 (dollar_amount) — Debt Instrument
• A 10.50% Notes Due 2026 (dollar_amount) — Debt Instrument
• A 15.00% Notes Due 2028 (dollar_amount) — Debt Instrument
• A 4.875% Notes Due 2029 (dollar_amount) — Debt Instrument
• A 5.750% Notes Due 2030 (dollar_amount) — Debt Instrument
• A 1.800% Notes Due 2031 (dollar_amount) — Debt Instrument
• A 5.625% Notes Due 2034 (dollar_amount) — Debt Instrument
• A 5.250% Notes Due 2035 (dollar_amount) — Debt Instrument

FAQ

Key Financial Figures

• $0.10 — ich registered Common Stock, par value $0.10 per share WMT New York Stock Exchange

Filing Documents

• wmt-20240906.htm (8-K) — 36KB
• 0000104169-24-000146.txt ( ) — 247KB
• wmt-20240906.xsd (EX-101.SCH) — 5KB
• wmt-20240906_def.xml (EX-101.DEF) — 19KB
• wmt-20240906_lab.xml (EX-101.LAB) — 36KB
• wmt-20240906_pre.xml (EX-101.PRE) — 20KB
• wmt-20240906_htm.xml (XML) — 10KB

01. Other Events

Item 8.01. Other Events. On September 6, 2024, Walmart Inc. (the "Company") was informed that John David Rainey, Executive Vice President and Chief Financial Officer, entered into a stock trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "Plan"). Rule 10b5-1 permits officers and directors of public companies, who routinely become aware of material nonpublic information and therefore are unable to sell company securities until the information has been made public, to plan in advance for their liquidity or other needs by adopting, at a time when they are not in possession of material non-public information, a written plan providing for securities transactions to occur over specified future periods of time under specified conditions. Once an individual has entered into a Rule 10b5-1 trading plan, the individual has no discretion or control over whether or when transactions in Company securities will occur pursuant to the Plan. Mr. Rainey's Plan provides for sales of Company securities as part of his long-term asset diversification, tax, and financial planning strategy and is in accordance with the Company's Insider Trading Policy. Under the terms of the Plan, Mr. Rainey will sell 38,000 shares of the Company's common stock on the initial two scheduled trades (February 3, 2025 and March 3, 2025), subject to a minimum stock price threshold at the time of each sale, and sell 2,200 shares each month thereafter, at prevailing market prices, continuing through December 1, 2025. Accordingly, the maximum number of shares to be sold under the Plan is 95,800. Mr. Rainey's existing Rule 10b5-1 plan, which was entered into on March 24, 2023 (the "Old Plan") expires when the last trade under the Old Plan is executed on December 2, 2024. Mr. Rainey continues to be subject to the Company's stock ownership guidelines, under which he is required to hold Company stock equal in value to at least five times his base salary. U

View Full Filing

View this 8-K filing on SEC EDGAR