Walmart Inc. plans to raise a minimum of CAD 3.5 billion through a four-part Canadian dollar debt offering. This move aligns with a broader strategy by large U.S. corporations to diversify funding sources away from the U.S. dollar market. Walmart will use the proceeds for general corporate purposes or to refinance existing debt.
The debt sale supports Walmart's increased capital expenditure outlook. These investments target automation, supply chain, and fulfillment capabilities to bolster its growing e-commerce operations. Walmart recently raised its fiscal 2027 capital spending forecast to approximately 4% of annual net sales. This represents an increase from its previous expectation of 3.5%.