ATLANTA -- HD Supply Holdings, Inc., the indirect parent of HD Supply, Inc., has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering ("IPO") of its common stock. The company expects to use the proceeds from the proposed offering to repay, redeem, repurchase or otherwise acquire or retire certain of the outstanding indebtedness of HD Supply, Inc., and for general corporate purposes.
BofA Merrill Lynch, Barclays, J.P. Morgan Securities LLC, and Credit Suisse Securities (USA) LLC are lead book-running managers for the offering. Additional book-running managers are Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co., Morgan Stanley, UBS Investment Bank, and Wells Fargo Securities. The offering of common stock will be made only by means of a prospectus.
HD Supply (www.hdsupply.com) 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 maintenance, repair and operations, infrastructure and power and specialty construction sectors. With more than 600 locations across 46 states and nine Canadian provinces, the company's approximately 15,000 associates provide localized, customer-driven services including jobsite delivery, will call or direct-ship options, diversified logistics and innovative solutions that contribute to its customers' success.