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HD Supply Holdings, Inc. Announces Pricing Of Secondary Public Offering Of Common Stock

Stocks in this article: HDS

ATLANTA, May 1, 2014 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (Nasdaq:HDS) (the "Company"), the indirect parent of HD Supply, Inc., today announced the pricing of a secondary public offering of 30,000,000 shares of the Company's common stock at a price of $26.00 per share. All of the shares are being offered by certain stockholders of the Company (the "Selling Stockholders"). The offering is expected to close on May 7, 2014, subject to the satisfaction of customary closing conditions. In addition, the underwriters have a 30-day option to purchase up to an additional 4,500,000 shares of common stock from the Selling Stockholders.

BofA Merrill Lynch, Barclays, Credit Suisse, and J.P. Morgan are acting as bookrunners and representatives of the underwriters for the offering. Additional bookrunners are Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co., Morgan Stanley, UBS Investment Bank, and Wells Fargo Securities. Baird, William Blair, Raymond James, BB&T Capital Markets, SunTrust Robinson Humphrey, Drexel Hamilton, and Guzman & Company are also acting as co-managers for the offering.

The offering of these securities will be made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, email: dg.prospectus_requests@baml.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (888) 603-5847, email: barclaysprospectus@broadridge.com; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, (800) 221-1037, email: newyork.prospectus@credit-suisse.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717, (866) 803-9204.

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.

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