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HD Supply to retire all 10½%, some 11½% notes with IPO proceeds
By Tali David
Minneapolis, June 13 - HD Supply Holdings, Inc. plans to use the proceeds from an initial public offering of common stock to retire all $950 million of its outstanding 10½% senior subordinated notes due 2021 and a portion of HD Supply, Inc.'s outstanding 11½% senior notes due 2020, according to a press release.
The company will also use the proceeds to pay transaction fees and other expenses.
HD Supply is an Atlanta-based distributor of building materials and tools and a provider of installation services to businesses and the government.
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