ATLANTA - HD Supply Holdings, Inc. (Nasdaq:HDS), the indirect parent of HD Supply, Inc., today announced that certain of its stockholders intend to offer for sale in an underwritten secondary offering approximately 30,000,000 shares of the company's common stock pursuant to a registration statement on Form S-1 filed with the U.S.
Securities and Exchange Commission (the "SEC"). The selling stockholders also intend to grant the underwriters an option to purchase up to an additional 4,500,000 shares of common stock. The selling stockholders will receive all the proceeds in this offering.
The company will not receive any proceeds from the sale of common stock by the selling stockholders.
BofA Merrill Lynch, Barclays, Credit Suisse, and J.P. Morgan are acting as bookrunners and representatives of the underwriters for the offering. Additional bookrunners are Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co., Morgan Stanley, UBS Investment Bank, and Wells Fargo Securities. Baird, William Blair, Raymond James, BB&T Capital Markets, SunTrust Robinson Humphrey, Drexel Hamilton, and Guzman & Company are acting as co-managers for the offering.