Walmart agrees to sell eight note series in U.S. and Canada, subject to conditions

Walmart entered into pricing agreements dated October 19, 2026 with two groups of underwriters for senior, unsecured notes. Under the agreements, and subject to the satisfaction of the conditions set out in them, Walmart agreed to sell the notes to the underwriters.

The U.S. offering covers $750 million of 5.050% notes due 2029, $500 million of 5.150% notes due 2031, $1000 million of 5.350% notes due 2033 and $750 million of 5.550% notes due 2036. Each U.S. series is priced to the public at between 99.780% and 99.994% of principal.

The Canadian offering covers C$750 million of 4.150% notes due 2030, C$2000 million of 4.450% notes due 2033, C$1750 million of 4.950% notes due 2038 and C$500 million of 5.250% notes due 2056. Each Canadian series is priced to the public at between 99.805% and 99.996% of principal.

After underwriting discounts but before transaction expenses, the net proceeds to Walmart are $2,985,035,000 from the U.S. notes and C$4,978,607,500 from the Canadian notes.

According to the filing, the notes are senior, unsecured debt that ranks equally with Walmart's other senior, unsecured debt. They were issued under an indenture dated July 19, 2005, as amended and supplemented, with The Bank of New York Mellon Trust Company, N.A., as successor trustee.