Deal Details
Senior Secured First Priority Notes Offering
Summary
Baird served as a co-manager on this offering.
About
HD Supply Holdings, Inc. (NASDAQ-GS: HDS) recently announced its indirect wholly-owned subsidiary, HD Supply, Inc. (“HD Supply” or the “Company”), priced an offering of $1.25 billion aggregate principal amount of 5.250% senior secured first priority notes due 2021. The senior secured first priority notes were priced at par value. The Company intends to use the net proceeds from the offering, together with available cash, to redeem all of its outstanding 8.125% senior secured first priority notes due 2019 and to pay related fees and 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 & operations, infrastructure & power and specialty construction sectors. HD Supply is headquartered in Atlanta, Georgia.
For additional information about this transaction, please contact:
- Date
- November 2014
- Company
- HD Supply, Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
Share
