Lowe's Companies (LOW) secured credit agreements to finance its $8.8 billion acquisition of ASP Flag Parent Holdings.

The financing includes a $2 billion unsecured revolving credit facility with a five-year term and a $2 billion term loan facility with a three-year term, Lowe's said Friday in a regulatory filing.

The facilities replaced $4 billion in commitments from a 364-day bridge loan facility. Up to $5 billion in bridge loan commitments remain, which the company plans to replace through capital market transactions, the company said.

Lowe's also secured a 364-day, $1 billion unsecured revolving credit facility for general corporate purposes.

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