$WMT · Walmart Inc.

Walmart Inc. filed a prospectus supplement for a public offering of $3 billion aggregate principal amount of senior unsecured notes, issued in four series. The offering consists of $750 million of 5.050% notes due 2029, $500 million of 5.150% notes due 2031, $1 billion of 5.350% notes due 2033, and $750 million of 5.550% notes due 2036. Interest on each series will be paid at the fixed annual rates shown, and each series is redeemable at Walmart’s option, in whole or in part, as described in the filing.

The notes will rank equally with Walmart’s other senior unsecured indebtedness and are not convertible or exchangeable. They are a new issue with no established trading market and will not be listed on any securities exchange. Settlement is expected to occur on or about October 23, 2026, through the book-entry system of The Depository Trust Company. The filing lists a group of joint book-running managers, senior co-managers, and co-managers, including BNP Paribas, BofA Securities, Morgan Stanley, Citigroup, Goldman Sachs & Co. LLC, and Wells Fargo Securities, among others. The prospectus supplement does not specify the use of proceeds from this offering.