02:07 PM EDT, 06/14/2024 (MT Newswires) -- Home Depot ( HD ) is planning to fund the acquisition of SRS Distribution via the issue of up to $10 billion in debt, Bloomberg reported Friday, citing people with knowledge of the matter.

The company could announce a debt offering, expected to be between $7 billion and $10 billion, as soon as next week. The size of the deal will be decided on the day of the sale, the report said.

Home Depot ( HD ) in March announced it would acquire SRS Distribution for $18.25 billion to expand in new markets.

Home Depot ( HD ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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