Deal Details
Initial Public Offering
Summary
Baird served as a senior co-manager on this offering
About
HD Supply Holdings, Inc. (“HD Supply” or the “Company”) (NASDAQ-GS: HDS) recently completed an initial public offering of 61,170,212 shares of common stock at a price of $18.00 per share, generating gross proceeds of approximately $1.101 billion. HD Supply intends to use the net proceeds from this offering to redeem, repurchase or otherwise acquire or retire all $950 million of the Company’s outstanding 10.50% senior subordinated notes due 2021 and to pay transaction fees and other expenses.HD Supply is one of the largest industrial distributors in North America. The Company provides a broad range of products and value-add services to approximately 500,000 professional customers with leadership positions in the maintenance, repair and operations, infrastructure and power and specialty construction sectors. HD Supply is headquartered in Atlanta, Georgia.
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- Date
- July 2013
- Company
- HD Supply Holdings, Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
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