ATLANTA, Sept. 12, 2016 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (Nasdaq:HDS) today announced that its indirect wholly-owned subsidiary, HD Supply, Inc., intends to amend its existing Senior Secured Term Loan Facility to (i) among other things, eliminate its LIBOR floor by means of a replacement tranche that will replace all of the Company’s outstanding term loans in an aggregate principal amount of $843,625,000 and (ii) issue a new tranche of term loans in an aggregate principal amount of $550,000,000, the proceeds of which the Company intends to use, together with cash on hand and borrowings under its existing ABL Credit Agreement, to redeem its outstanding $1,275,000,000 aggregate principal amount of 7.50% Senior Notes due 2020 (the “7.50% Senior Notes”) and to pay related fees and expenses. There can be no assurance that the proposed refinancing will be completed.