HD Supply hosts investor call for $750 million senior notes due 2020

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Oct. 9 - HD Supply Inc. plans to issue $750 million senior notes due July 2020, according to a market source.

The company was scheduled to hold an investor conference call at 11:30 a.m. ET on Tuesday.

Bank of America Merrill Lynch, Goldman Sachs & Co., Barclays, J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Wells Fargo Securities LLC and UBS Investment Bank are the joint bookrunners.

Baird, BB&T Capital Markets, Raymond James & Associates Inc. and SunTrust Robinson Humphrey Inc. are the co-managers for the Rule 144A with registration rights and Regulation S deal.

The notes will be non-callable for four years and carry a 101% poison put.

Proceeds will be used to redeem a portion of the company's outstanding senior subordinated notes.

HD Supply is an Atlanta-based wholesale distributor for the infrastructure & energy, maintenance, repair & improvement and specialty construction sectors.

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