HD Supply announces secondary public offering
by MDJ staff
May 04, 2014 01:27 AM | 1519 views | 0 0 comments | 14 14 recommendations | email to a friend | print
Cumberland-based HD Supply Holdings Inc., the indirect parent of HD Supply Inc., announced that certain of its stockholders intend to offer for sale in an underwritten secondary offering approximately 30 million shares of the company’s common stock pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission.

The selling stockholders also intend to grant the underwriters an option to purchase up to an additional 4.5 million shares of common stock. The selling stockholders will receive all the proceeds in this offering. The company will not receive any proceeds from the sale of common stock

by the selling stockholders.

BofA Merrill Lynch, Barclays, Credit Suisse, and J.P. Morgan are acting as bookrunners and representatives of the underwriters for the offering. Additional bookrunners are Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co., Morgan Stanley, UBS Investment Bank, and Wells Fargo Securities. Baird, William Blair, Raymond James, BB&T Capital Markets, SunTrust Robinson Humphrey, Drexel Hamilton, and Guzman & Company are acting as co-managers for the offering.

Copies of the preliminary prospectus may be obtained from BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038 or by emailing dg.prospectus_requests@baml.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, calling (888) 603-5847 or emailing barclaysprospectus@broadridge.com; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, calling (800) 221-1037 or emailing newyork.prospectus@credit-suisse.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY11717 or by calling (866) 803-9204.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

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 customers with leadership positions in maintenance, repair and operations, infrastructure and power and specialty construction sectors.

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