Lowe's Companies to acquire ASP Flag Parent Holdings for ~$8.8B

[Lowes Q1 Profit Rises 44 Percent]
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Lowe's Companies (NYSE:LOW [https://seekingalpha.com/symbol/LOW]) said [https://www.sec.gov/Archives/edgar/data/60667/000119312525208264/0001193125-25-208264-index.htm] in an SEC filing on Friday that it will acquire all the shares of Delaware corporation, ASP Flag Parent Holdings, for ~$8.8B.

The home improvement company has entered into a credit agreement for a $2B unsecured revolving loan facility to replace its existing $2B unsecured revolving credit facility.

Also, the company has signed a term loan credit agreement for a $2B unsecured term loan facility. Additionally, Lowe's said an aggregate amount of up to $5B in bridge facility commitments remain.

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