Home Depot Adjusts Credit Facilities After Acquisition

Home Depot ( (HD) ) has provided an update.

Home Depot has adjusted its credit facilities following the acquisition of SRS Distribution Inc. The company terminated its $1 billion three-year credit facility and reduced commitments under its $3.5 billion 364-day credit facility to $2 billion, ensuring a $7 billion borrowing capacity for its commercial paper program.

More about Home Depot

Home Depot operates in the home improvement retail industry, offering a wide range of products for home renovation, repair, and maintenance. It is a leading retailer in the U.S. market, focusing on both DIY customers and professional contractors.

YTD Price Performance: 15.82%

Average Trading Volume: 3,349,257

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $391.2B

Learn more about HD stock on TipRanks’ Stock Analysis page.