{"id":746263,"date":"2013-04-12T08:49:16","date_gmt":"2013-04-12T12:49:16","guid":{"rendered":"https:\/\/www.pehub.com\/?p=195955"},"modified":"2013-04-12T08:49:16","modified_gmt":"2013-04-12T12:49:16","slug":"reuters-hd-supply-holdings-files-for-1b-ipo","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/746263","title":{"rendered":"Reuters \u2013 HD Supply Holdings Files for $1B IPO"},"content":{"rendered":"

Industrial and construction supplies distributor HD Supply Holdings Inc<\/strong>, a former division of Home Depot Inc, filed for a $1 billion initial public offering of its shares to take advantage of the rebounding U.S. housing market. Bain Capital<\/strong>, Carlyle Group<\/strong> and Clayton, Dubilier & Rice<\/strong>, who took the company private for $8.5 billion in 2007, each own about 28 percent of the company. Home Depot continues to hold a 12.4 percent stake in the company, according to HD Supply’s prospectus filed with the Securities and Exchange Commission on Friday. <\/p>\n

(Reuters<\/em>) – Industrial and construction supplies distributor HD Supply Holdings Inc, a former division of Home Depot Inc, filed for a $1 billion initial public offering of its shares to take advantage of the rebounding U.S. housing market.<\/p>\n

Bain Capital, Carlyle Group and Clayton, Dubilier & Rice, who took the company private for $8.5 billion in 2007, each own about 28 percent of the company.<\/p>\n

Home Depot continues to hold a 12.4 percent stake in the company, according to HD Supply’s prospectus filed with the Securities and Exchange Commission on Friday. ()<\/p>\n

Atlanta, Georgia-based HD Supply is one of the largest distributors of construction, industrial and maintenance supplies in North America.<\/p>\n

The company said BofA Merrill Lynch, Barclays, J.P. Morgan and Credit Suisse are the lead underwriters of the IPO.<\/p>\n

The company plans to use the proceeds from the offering to repay debt and for general corporate purposes.<\/p>\n

Low interest rates and rising rents have pushed many consumers to buy homes, reviving the U.S. housing market.<\/p>\n

Homebuilder TRI Pointe Homes Inc, Taylor Morrison Home Corp and Boise Cascade Co, whose products are used in residential construction and remodeling projects, went public this year.<\/p>\n

HD Supply did not disclose the number of shares on offer or their proposed price.<\/p>\n

The amount of money a company says it plans to raise in its initial filings is used to calculate registration fees. The final size of the IPO could be different.<\/p>\n

The post Reuters – HD Supply Holdings Files for $1B IPO<\/a> appeared first on peHUB<\/a>.<\/p>

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>","protected":false},"excerpt":{"rendered":"

Industrial and construction supplies distributor HD Supply Holdings Inc, a former division of Home Depot Inc, filed for a $1 billion initial public offering of its shares to take advantage of the rebounding U.S. housing market. Bain Capital, Carlyle Group and Clayton, Dubilier & Rice, who took the company private for $8.5 billion in 2007, […]<\/p>\n","protected":false},"author":4799,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-746263","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-388v","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/746263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/4799"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=746263"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/746263\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=746263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=746263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=746263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}