Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
HD Supply, Inc.
Senior Notes Offering
Baird served as a co-manager on this offering
HD Supply, Inc. (“HD Supply” or the “Company”) recently priced a private offering of $1 billion aggregate principal amount senior notes due 2020. The senior notes bear interest at 11.5% per annum and were issued at par value. The Company intends to use the net proceeds from this offering to redeem a portion of its outstanding 13.5% senior subordinated notes due 2015.
HD Supply is one of the largest industrial distribution companies in North America. Through a diverse portfolio of industry-leading businesses, the Company provides a broad range of products and services to approximately 440,000 professional customers in the infrastructure, maintenance, repair and improvement, and specialty construction markets. HD Supply is headquartered in Atlanta, Georgia.