Actionable news
0
All posts from Actionable news
Actionable news in HDS: HD Supply Holdings, Inc.,

HD Supply Holdings: Hd Supply Investor Relations

The following excerpt is from the company's SEC filing.

770-852-9100

InvestorRelations@hdsupply.com

Media Contact:

Quiana Pinckney, APR

HD Supply Public Relations

770-852-9213

Public.Relations@hdsupply.com

FOR IMMEDIATE RELEASE

HD Supply Holdings, Inc. Announces Redemption of $675 Million of Outstanding 11% Senior Secured Second Priority Notes

ATLANTA October 13, 2015

HD Supply Holdings, Inc. (NASDAQ: HDS), one of the largest industrial distributors in North America, today announced that HD Supply, Inc., its indirect wholly-owned subsidiary, had redeemed all of its outstanding $675 million 11% S enior Secured Second Priority Notes due 2020 (the Second Priority Notes) using proceeds from the completion of the previously announced sale of its Power Solutions business. The redemption amount of $783.3 million included a make-whole premium of approximately $71.6 million and accrued interest of approximately $36.7 million. The reduction in future interest expense is expected to be approximately $75 million annually. The Companys Net Debt to Adjusted EBITDA leverage ratio as of August 2, 2015...


More