ATLANTA, Oct. 01, 2018 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (Nasdaq: HDS) today announced that its indirect wholly-owned subsidiary, HD Supply, Inc., has priced $750,000,000 aggregate principal amount of 5.375% Senior Notes due 2026.

The Notes are guaranteed, on a senior unsecured basis, by substantially all of HD Supply’s domestic existing and future wholly owned subsidiaries, subject to certain exceptions.

HD Supply intends to use the net proceeds from the sale of the Notes, together with available cash and borrowings under its senior ABL facility, to redeem all of its $1,000,000,000 aggregate principal amount of outstanding 5.75% Senior Notes due 2024 (the “2024 Notes”) in accordance with the terms of HD Supply’s previously announced notice of conditional full redemption, and to pay related fees and expenses. The redemption date is expected to be October 11, 2018.

About HD Supply

HD Supply (www.hdsupply.com) is one of the largest industrial distributors in North America. The company provides a broad range of products and value-add services to approximately 500,000 customers with leadership positions in the maintenance, repair and operations and specialty construction sectors. Through approximately 270 branches and 44 distribution centers in the U.S. and Canada, the company's approximately 11,000 associates provide localized, customer-driven services including jobsite delivery, will call or direct-ship options, diversified logistics and innovative solutions that contribute to its customers' success.