ATLANTA, July 2, 2013 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (Nasdaq:HDS), the indirect parent of HD Supply, Inc., today announced the closing of its previously announced initial public offering of 53,191,489 shares of common stock at $18.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase from the company an additional 7,978,723 shares of common stock. As a result, the total initial public offering size was 61,170,212 shares of common stock. The company intends to use the net proceeds from this offering to (i) redeem, repurchase or otherwise acquire or retire all $950 million of HD Supply, Inc.'s outstanding 10.50% Senior Subordinated Notes due 2021 and (ii) pay transaction fees and other expenses.
HD Supply Holdings, Inc. Completes Its Initial Public Offering
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