EXHIBIT 99.2
LOWE'S COMPANIES, INC.
NOTICE OF GUARANTEED DELIVERY
(Not to be used for Signature Guarantee)
As set forth in the Prospectus dated July, 1999 (the "Prospectus") in the
section entitled "The Exchange Offer -- Procedures for Tendering Old Debentures"
and in the accompanying Letter of Transmittal (the "Letter of Transmittal") and
Instruction 2 thereto, this form or one substantially equivalent hereto must be
used to accept the Exchange Offer if certificates representing 6 1/2% Debentures
due March 15, 2029 of Lowe's Companies, Inc. (the "Old Debentures") are not
immediately available or time will not permit such holder's Old Debentures or
other required documents to reach the Exchange Agent, or complete the procedures
for book-entry transfer, prior to the Expiration Date (as defined in the
Prospectus) of the Exchange Offer. This form may be delivered by hand or sent by
overnight courier, facsimile transmission or registered or certified mail to the
Exchange Agent and must be received by the Exchange Agent prior to 5:00 p.m.,
New York City time on August __, 1999.
To The First National Bank of Chicago
(the "Exchange Agent")
By Registered or Certified Mail: By Overnight Mail or Hand:
The First National Bank of Chicago The First National Bank of Chicago
Corporate Trust Administration Corporate Trust Administration
One North State Street One North State Street
Chicago, Illinois 60670-0126 Chicago, Illinois 60670-0126
Attention: Donna Fanning Attention: Donna Fanning
or
14 Wall Street, 8th Floor
New York, New York 10005
Attention: Frank Ballantine
By Facsimile Transmission
(for Eligible Institutions Only):
The First National Bank of Chicago
(312) 407-1708
Attention: Donna Fanning
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE OR
TRANSMISSION VIA FACSIMILE OTHER THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE
A VALID DELIVERY
This form is not to be used to guarantee signatures. If a signature on a
Letter of Transmittal is required to be guaranteed by an "Eligible Institution"
under the instructions thereto, such signature guarantee must appear in the
applicable space provided in the signature box on the Letter of Transmittal.
Ladies and Gentlemen:
The undersigned hereby tender(s) to Lowe's Companies, Inc. the principal
amount of the Old Debentures listed below, upon the terms of and subject to the
conditions set forth in the Prospectus and the related Letter of Transmittal and
the instructions thereto (which together constitute the "Exchange Offer"),
receipt of which is hereby acknowledged, pursuant to the guaranteed delivery
procedures set forth in the Prospectus, as follows:
Aggregate Principal Principal Amount
Amount Represented Tendered (must be in integral
Certificate Nos. by Certificate(s) multiples of $1,000)
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This Notice of Guaranteed Delivery must be signed by the Holder(s) exactly
as their name(s) appear on certificates for Old Debentures or on a security
position listing as the owner of Old Debentures, or by person(s) authorized to
become Holder(s) by endorsements and documents transmitted with this Notice of
Guaranteed Delivery.
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The Book-Entry Transfer Facility Account
Number (if the Old Debentures will be
tendered by book-entry transfer)
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Sign Here
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Account Number
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Principal Amount Tendered
(must be in integral multiples of $1,000)
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Number and Street or P.O. Box
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City, State, Zip Code
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Signature(s)
Dated: ___________, 1999
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GUARANTEE OF DELIVERY
(Not to be used for signature guarantee)
The undersigned, a member firm of a registered national securities exchange, a
member of the National Association of Securities Dealers, Inc., or a commercial
bank or trust company having an office in the United States, or otherwise an
"eligible guarantor institution" within the meaning of Rule 17Ad-15 under the
Securities Exchange Act of 1934, as amended, guarantees that, within three (3)
New York Stock Exchange trading days from the date of this Notice of Guaranteed
Delivery, a properly completed and validly executed Letter of Transmittal (or a
facsimile thereof), together with Old Debentures tendered hereby in proper form
for transfer (or confirmation of the book-entry transfer of such Old Debentures
into the Exchange Agent's account at The Depository Trust Company pursuant to
the procedures for book-entry transfer set forth in the Prospectus under the
caption "The Exchange Offer--Procedures for Tendering Old Debentures') and all
other required documents will be deposited by the undersigned with the Exchange
Agent at its address set forth above.
The institution that completes this form must communicate the guarantee to the
Exchange Agent and must deliver the Letter of Transmittal and Old Debentures to
the Exchange Agent within the time period shown herein. Failure to do so could
result in a financial loss to the undersigned.
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Name of Firm Authorized Signature
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Address Title
----------------------------------- Name -------------------------------
Name Please Type or Print
----------------------------------- Name -------------------------------
Zip Code Name
----------------------------------- Date -------------------------------
Area Code and Tel. No.
NOTE: DO NOT SEND CERTIFICATES REPRESENTING OLD DEBENTURES WITH THIS
FORM. CERTIFICATES REPRESENTING OLD DEBENTURES SHOULD BE SENT ONLY
WITH A LETTER OF TRANSMITTAL.
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