Item 9B. Other Information.

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Item 9B. Other Information.

The Home Depot, Inc. has established a $3.5 billion revolving credit facility (the “Credit Facility”) by entering into a 364-Day Revolving Credit Facility Agreement dated as of March 23, 2020 (the “Credit Agreement”) with the banks party thereto, JPMorgan Chase Bank, N.A. and BOFA Securities, Inc. as Joint Lead Arrangers and Joint Bookrunners, JPMorgan Chase Bank, N.A. as administrative agent for the banks party thereto (in such capacity, the “Agent”) and Bank of America, N.A., as syndication agent. We currently intend to use borrowings, if any, under the Credit Facility, for general corporate purposes and to support our expanded commercial paper programs. Commitments under the Credit Facility will expire, and the Credit Facility will mature, on March 22, 2021. Fundings under the Credit Facility are subject to conditions customary for financings of this type.

Loans under the Credit Facility will bear interest at a rate per year generally equal to, at our election, either:


•	the highest of (a) the interest rate quoted by The Wall Street Journal as the prime rate in the United States; (b) 0.5% plus the greater of (i) the federal funds effective rate and (ii) the overnight bank funding rate, each as determined by the Federal Reserve Bank of New York; and (c) LIBOR for a one-month interest period plus 1.0%, plus the applicable margin for such loans (“Base Rate Loans”); or

•

the highest of (a) the interest rate quoted by The Wall Street Journal as the prime rate in the United States; (b) 0.5% plus the greater of (i) the federal funds effective rate and (ii) the overnight bank funding rate, each as determined by the Federal Reserve Bank of New York; and (c) LIBOR for a one-month interest period plus 1.0%, plus the applicable margin for such loans (“Base Rate Loans”); or


•	LIBOR for the selected term which may be one, two, three or six months, plus the applicable margin for such loans (“Eurodollar Loans”).

The applicable margin for loans will vary depending upon our ratings for senior, unsecured, long-term indebtedness for borrowed money. Based upon our current ratings, the applicable margin for Base Rate Loans would be 0.00%, and the applicable margin for Eurodollar Loans would be 0.950%. In addition, we will pay a facility fee on the commitments outstanding under the Credit Facility.

The Credit Agreement contains representations and warranties, affirmative and negative covenants, and events of default customary for financings of this type.

PART III

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