Wal-Mart 8-K 2006
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
December 12, 2006
Wal-Mart Stores, Inc.
(Exact name of registrant as specified in its charter)
702 S.W. 8th Street
Bentonville, Arkansas 72716
(Address of principal executive offices) (Zip code)
Registrants telephone number, including area code:
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:
Wal-Mart Stores, Inc. (the Company) and Goldman Sachs International, Citigroup Global Markets Limited, Morgan Stanley & Co. International Limited, Barclays Bank PLC, Deutsche Bank AG, London Branch and The Royal Bank of Scotland plc (the Underwriters) have entered into a Pricing Agreement, dated December 12, 2006 (the Pricing Agreement), pursuant to which, subject to the satisfaction of the conditions set forth therein, the Company has agreed to sell to the Underwriters, and the Underwriters have agreed to purchase from the Company, £1,000,000,000 aggregate principal amount of the Companys 4.875% Notes Due 2039 (the Notes). The Pricing Agreement incorporates by reference the terms and conditions of an Underwriting Agreement, dated May 19, 2006 (the Underwriting Agreement), between the Company and the Underwriters.
The Company and the Underwriters expect to consummate the sale and purchase of the Notes pursuant to the Pricing Agreement on December 19, 2006. The Notes are being sold to the public at an issue price of 98.038% of the aggregate principal amount of the Notes. The net proceeds to the Company from the sale of the Notes, after the underwriting discount, but before transaction expenses of the sale of the Notes, will be £974,130,000.
The Notes constitute the Companys newly created series of 4.875% Notes Due 2039 (the Series) and are senior, unsecured debt securities of the Company. The Series was created and established, and its terms and conditions were established, by action of the Company and an authorized officer of the Company pursuant to, and in accordance with, the terms of the Indenture, dated as of July 19, 2005, as supplemented (the Indenture), between the Company and The Bank of New York Trust Company, N.A., as trustee (the Trustee). The terms of the Notes are as set forth in the Indenture and in the form of Global Note (referred to below) that will represent the Notes.
The Notes have been admitted to the Official List of the Irish Stock Exchange and for trading on the Irish Stock Exchange.
The material terms of the Notes are described in the prospectus supplement of the Company dated December 12, 2006, which relates to the offer and sale of the Notes (the Prospectus Supplement) and supplements the Companys prospectus dated December 21, 2005, which prospectus relates to the offer and sale from time to time of an indeterminate amount of the Companys debt securities (the Prospectus), and in the Prospectus. The Prospectus Supplement and the Prospectus were filed by the Company with the Securities and Exchange Commission (the Commission) on December 14, 2006 pursuant to Rule 424(b)(2) under the U.S. Securities Act of 1933, as amended (the Securities Act), in connection with the offer and sale of the Notes. A Final Term Sheet, dated December 12, 2006, relating to the Notes was filed with the Commission pursuant to Rule 433 under the Securities Act on December 12, 2006.
The Notes will be delivered in book-entry form only and will be represented by a single global note in the original principal amount of £1,000,000,000 (the Global Note). The Global Note will be payable to The Bank of New York Depository (Nominees) Limited, as the nominee of The Bank of New York, London Branch, as common depositary for Clearstream Banking,
société anonyme, and Euroclear Bank S.A./N.V. The Global Note will be executed by the Company and authenticated by the Trustee through the Trustees authenticating agent.
Filed as exhibits to this Current Report on Form 8-K are (i) the Pricing Agreement, (ii) the Underwriting Agreement, (iii) the Series Terms Certificate that relates to the Series, that was executed in accordance with the Indenture and that evidences the establishment of the terms and conditions of the Series in accordance with the Indenture, (iv) the form of the Global Note and (v) the opinion of Andrews Kurth LLP regarding the legality of the Notes.
The Company is offering and selling an aggregate principal amount of up to the equivalent of $350 million of Notes in the United States (including any Notes that are initially offered and sold outside the United States pursuant to Regulation S, but which may be resold in the United States in transactions requiring registration under the Securities Act) in reliance on and under the Companys Registration Statement on Form S-3 (File No. 333-130569), which registration statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Companys debt securities. (The aggregate principal amount of the Notes being offered and sold pursuant to the registration statement as discussed above has been translated into U.S. dollars using the noon buying rate for pounds sterling on December 11, 2006, announced by the Federal Reserve Bank of New York, which exchange rate was £1.00 = U.S.$1.9552.) The Company is offering and selling the remaining Notes outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended. This Current Report on Form 8-K is being filed in connection with the offer and sale of the Notes as described herein and to file with the Commission in connection with the Registration Statement the documents and instruments attached hereto as exhibits.
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 thereunto duly authorized.
Dated: December 18, 2006
INDEX TO EXHIBITS