and the private-equity buyers of its HD Supply unit have delayed the expected closing of the deal by a week as the sides work to revamp the purchase agreement.
Securities and Exchange Commission
filing, the Atlanta-based retailer said the planned closing date for the deal has been moved from Thursday to Aug. 23.
Clayton Dubilier & Rice, Carlyle Group and Bain Capital agreed to buy the supply business in June for $10.33 billion. Home Depot said last week that it was in talks to restructure the deal terms, including a potential
price cut, amid turmoil in the financing markets.
"No assurance can be given that any agreement will be reached concerning a restructuring of the proposed transaction, nor that the transaction will close," Home Depot said in Wednesday's filing.
On Tuesday, Home Depot reported a 15% drop in second-quarter earnings and warned that its planned $22.5 billion buyback
would be in jeopardy if the deal fell through.