Deal Details
Senior Secured Notes Offering
Summary
Baird served as a co-manager on this offering
About
HD Supply, Inc. (“HD Supply” or the “Company”) recently priced an offering of $950 million aggregate principal amount senior secured first priority notes due 2019 and an offering of $675 million aggregate principal amount senior secured second priority notes due in 2020. The senior secured first priority notes bear interest at 8.125% per annum and the senior secured second priority notes bear interest at 11% per annum, with both issued at a price of 100% of their face value. HD Supply intends to use the net proceeds from these offerings, together with a refinanced ABL credit facility and senior secured term loan facility, to repay all amounts outstanding under its existing senior secured credit facility, repay all amounts outstanding under its existing ABL credit facility and repurchase all of its remaining outstanding senior notes.HD Supply is one of the largest industrial distribution companies in North America. Through a diverse portfolio of industry-leading businesses, HD Supply provides a broad range of products and services to approximately 440,000 professional customers in the infrastructure and energy, maintenance, repair and improvement, and specialty construction markets. HD Supply is headquartered in Atlanta, Georgia.
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- Date
- April 2012
- Company
- HD Supply, Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
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