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Legal News

HD Supply Completes Notes Offering and Credit Facility

Date: 04/12/12

Cahill represented the joint book-running managers and co-managers in connection with the $1,625,000,000 Rule 144A/Reg S offering, comprised of $950,000,000 8.125% Senior Secured First Priority Notes due 2019, and $675,000,000 11% Senior Secured Second Priority Notes due 2020 by HD Supply, Inc. Proceeds from the offering were used to refinance existing indebtedness.

Cahill represented the administrative agent and lead arrangers in connection with the $1,000,000,000 Term B loan for HD Supply, Inc. Proceeds will also be used towards refinancing existing indebtedness as well as for general corporate purposes.