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HD Supply talks $1 billion term loan repricing at Libor plus 325 bps
By Sara Rosenberg
New York, Feb. 4 - HD Supply Inc. held a call on Monday afternoon to launch a repricing of its roughly $1 billion term loan to Libor plus 325 basis points with a 1% to 1.25% Libor floor from Libor plus 600 bps with a 1.25% Libor floor, according to a market source.
The repriced loan is offered at par and has 101 soft call protection for six months, the source said.
Bank of America Merrill Lynch is the lead bank on the deal.
HD Supply is an Atlanta-based wholesale distributor for the infrastructure and energy, maintenance, repair and improvement and specialty construction sectors.
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