424B3 1 d424b3.txt SECOND PROSPECTUS SUPPLEMENT DATED 9/20/2002 Filed Pursuant to Rules 424(b)(3) and 424(c) Registration No. 333-60434 $1,005,000,000 LOWE'S COMPANIES, INC. Liquid Yield Option(TM) Notes due 2021 (Zero Coupon - Senior) -------------------- SECOND PROSPECTUS SUPPLEMENT DATED SEPTEMBER 20, 2002 TO PROSPECTUS DATED MAY 29, 2002 -------------------- This Prospectus Supplement amends the table of Selling Securityholders appearing on pages 34-36 of the Prospectus dated May 29, 2002, (i) to list additional selling securityholders and (ii) to update the positions of previously disclosed selling securityholders, based on completed investor questionnaires and trade execution orders submitted to Lowe's on or before September 20, 2002. SELLING SECURITYHOLDERS The LYONs were originally issued by us and sold by Merrill Lynch, Pierce, Fenner & Smith Incorporated in a transaction exempt from the registration requirements of the Securities Act to persons reasonably believed by Merrill Lynch to be "qualified institutional buyers" (as defined by Rule 144A under the Securities Act). The selling securityholders (which term includes their transferees, pledgees, donees or successors) may from time to time offer and sell pursuant to this Prospectus any and all of the LYONs and the shares of common stock issuable upon conversion and/or redemption of the LYONs. Set forth below are the names of each selling securityholder, the principal amount of LYONs that may be offered by such selling securityholder pursuant to this Prospectus, and the number of shares of common stock into which such LYONs are convertible. Unless set forth below, none of the selling securityholders has had a material relationship with us or any of our predecessors or affiliates within the past three years. The following table sets forth certain information received by us on or prior to September 20, 2002. However, any or all of the LYONs or common stock listed below may be offered for sale pursuant to this Prospectus by the selling securityholders from time to time. Accordingly, no estimate can be given as to the amounts of LYONs or common stock that will be held by the selling securityholders upon consummation of any such sales.

--------------------------------------------- ----------------- ---------------- -------------------- ---------------- Name Aggregate Percentage of Common Stock Owned Common Stock Principal LYONs Prior to Conversion Registered Amount of LYONs Outstanding Hereby at Maturity that May be Sold --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Allied Irish Banks PLC 16,874,934 1.68% 0 277,558 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Allstate Insurance Company 500,000 0.05% 0 8,224 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Allstate Life Insurance Company 4,405,000 0.44% 0 72,453 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- AmerUs Life Insurance Company 130,000 0.01% 0 2,138 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Arpeggio Fund LP 4,500,000 0.45% 0 74,016 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Associated Electric & Gas Insurance Services Limited 1,100,000 0.11% 0 18,092 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Bankers Life Insurance Company of New York 70,000 0.01% 0 1,151 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- CA State Automobile Assn. Inte-Insurance 1,000,000 0.10% 0 16,448 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Cater Allen International Limited 11,500,000 1.14% 0 189,152 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- CitiSam Fund-Ltd. 6,600,000 0.66% 0 108,556 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Commercebank, N.A. 15,000,000 1.49% 0 246,720 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Commonwealth Professional Assurance Company, c/o Income Research & Management 540,000 0.05% 0 8,881 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Conseco Annuity Assurance Company 2,500,000 0.25% 0 41,120 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Conseco Fund Group - Conseco Convertible Securities Fund 250,000 0.02% 0 4,112 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Credit Industriel D'Alsace et De Lorraine 9,400,000 0.94% 0 154,611 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Credit Suisse First Boston Corporation 1,500,000 0.15% 0 24,672 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Deutsche Bank AG London 17,000,000 1.69% 0 279,616 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- EQAT/Alliance Growth Investors 1,565,000 0.16% 0 25,741 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Equitable Life Assurance Separate Account -- Balanced 90,000 0.01% 0 1,480 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Equitable Life Assurance Separate Account -- Convertibles 1,000 0.00% 0 16 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Excellus Health Plan; Formerly Blue Cross/Blue Shield of Rochester, c/o Income Research and Management 500,000 0.05% 0 8,224 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- GLG Market Neutral Fund 16,000,000 1.59% 0 263,168 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- IL Annuity and Insurance Company 1,700,000 0.17% 0 27,961 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- IMF Convertible Fund 1,600,000 0.16% 0 26,316 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Investcorp Sam Fund Limited 8,400,000 0.84% 0 138,163 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- KBC Financial Products USA 3,500,000 0.35% 0 57,568 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Lehman Brothers Inc. 350,000 0.03% 0 5,756 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Liberty View Fund LLC 500,000 0.05% 0 8,224 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Liberty View Funds L.P. 4,500,000 0.45% 0 74,016 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Lutheran Brotherhood 1,500,000 0.15% 14,160 24,672 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- McMahan Securities Co. L.P. 1,150,000 0.11% 0 18,915 --------------------------------------------- ----------------- ---------------- -------------------- ----------------

--------------------------------------------- ----------------- ---------------- -------------------- ---------------- Name Aggregate Percentage of Common Stock Owned Common Stock Principal LYONs Prior to Conversion Registered Amount of LYONs Outstanding Hereby at Maturity that May be Sold --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Med America Insurance, c/o Income Research and Management 1,850,000 0.18% 0 30,428 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Med American New York Insurance, c/o Income Research and Management 1,315,000 0.13% 0 21,629 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Merrill Lynch Pierce Fenner & Smith Inc. 12,281,000 1.22% 0 201,997 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Northern Income Equity Fund 4,000,000 0.40% 0 65,792 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Oppenheimer Convertible Securities Fund 7,000,000 0.70% 0 115,136 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Physicians Life 314,000 0.03% 0 5,164 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- PIMCO Convertible Fund 1,000,000 0.10% 0 16,448 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Principal Investors Fund, Inc. on behalf of its Partners Large Cap Blend Fund 60,000 0.01% 0 986 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Rhapsody Fund, LP 14,600,000 1.45% 0 240,140 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Salomon Brothers Asset Management, Inc. 550,000 0.05% 0 9,046 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Southern Farm Bureau Life Insurance 870,000 0.09% 0 14,309 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Starvest Managed Portfolio 30,000 0.00% 0 493 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- State of Florida, Division of Treasury 2,255,000 0.22% 0 37,090 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- State of Mississippi Health Care Trust Fund 905,000 0.09% 0 14,885 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Tokai Asia Limited 34,000,000 3.38% 0 559,232 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Tufts Associated Health Plans, c/o Income Research & Management 650,000 0.06% 0 10,691 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- University of Massachusetts, c/o Income Research & Management 130,000 0.01% 0 2,138 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Vanguard Convertible Securities Fund, Inc. 495,000 0.05% 0 8,141 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Victory Capital Management as Agent for the Charitable Income Fund 85,000 0.01% 0 1,398 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Victory Capital Management as Agent for the Key Trust Fixed Income Fund 130,000 0.01% 0 2,138 --------------------------------------------- ----------------- ---------------- -------------------- ----------------

--------------------------------------------- ----------------- ---------------- -------------------- ---------------- Name Aggregate Percentage of Common Stock Principal LYONs Registered Amount of LYONs Outstanding Hereby at Maturity that May be Sold --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Registered Shares Not Sold 216,745,934 21.57% 3,565,037 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Total Registered Shares Sold 785,176,000 78.12% 12,914,574 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- All Other Beneficial Holders 3,078,066 0.31% 50,628 --------------------------------------------- ----------------- ---------------- -------------------- ---------------- Total 1,005,000,000 100.00% 16,530,240 --------------------------------------------- ----------------- ---------------- -------------------- ----------------