By Melodie Warner
HD Supply Holdings Inc. expects its initial public offering of
53.2 million shares to price between $22 and $25 a share.
The former commercial-supply arm of Home Depot Inc. (HD) had
filed plans in April for an estimated IPO of up to $1 billion to
raise funds for the repayment of debt and general corporate
purposes.
HD Supply was bought by private-equity firms Bain Capital LLC,
Carlyle Group LP (CG) and Clayton, Dubilier & Rice Inc. for
$8.5 billion in 2007.
The industrial distribution company specializes in maintenance,
repair and operations; infrastructure and power; and specialty
construction. It has more than 600 locations across 46 U.S. states
and nine Canadian provinces.
HD Supply's loss widened to $1.18 billion for the year ended
Feb. 3, as debt extinguishment charges and higher operating
expenses masked its 14% sales increase to $8.04 billion.
The company has applied to list on the Nasdaq Global Select
Market under the symbol HDS.
Write to Melodie Warner at melodie.warner@dowjones.com
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