Lowe's Companies, Inc. issued an aggregate of $2.0 billion of unsecured notes, consisting of $1.0 billion aggregate principal amount of its 1.700% Notes due September 15, 2028 and $1.0 billion aggregate principal amount of its 2.800% Notes due September 15, 2041. The Company received net proceeds, after expenses and the underwriting discount, of approximately $1.981 billion from the issuance of the Notes. The Notes are governed by and were issued pursuant to the terms of an Amended and Restated Indenture, dated as of December 1, 1995 (the Base Indenture), between the Company and U.S. Bank National Association, as successor trustee, as supplemented by a Nineteenth Supplemental Indenture, dated as of September 20, 2021, between the Company and the Trustee and, the Base Indenture as supplemented by the Nineteenth Supplemental Indenture, the Indenture). The Notes are unsecured obligations and rank equally with the Companys existing and future unsecured senior indebtedness. The Indenture contains covenants restricting the issuance of debt by the Companys subsidiaries but does not restrict the Company from incurring additional indebtedness. Each series of the Notes is a new issue of securities with no established trading market. The Company does not intend to apply for the listing of any series of the Notes on any securities exchange or for quotation of such Notes on any automated dealer quotation system. The 2028 Notes will mature on September 15, 2028 and the 2041 Notes will mature on September 15, 2041, in each case, unless earlier redeemed or repurchased by the Company. The 2028 Notes will bear interest at a rate of 1.700% per annum and the 2041 Notes will bear interest at a rate of 2.800% per annum. The Company will pay interest on the Notes semiannually in arrears on March 15 and September 15, commencing March 15, 2022. Interest will be computed on the basis of a 360-day year composed of twelve 30-day months. Payments of principal and interest to owners of book-entry interests will be made in accordance with the procedures of The Depository Trust Company and its participants in effect from time to time.