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8-K Filing
HD Supply 8-KRegulation FD Disclosure
Filed: 19 Nov 14, 12:00am
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 19, 2014
Commission File |
| Exact name of Registrant as specified in its |
| State of |
| I.R.S. Employer |
001-35979 |
| HD SUPPLY HOLDINGS, INC. 3100 Cumberland Boulevard, Suite 1480 Atlanta, Georgia 30339 (770) 852-9000 |
| Delaware |
| 26-0486780 |
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333-159809 |
| HD SUPPLY, INC. 3100 Cumberland Boulevard, Suite 1480 Atlanta, Georgia 30339 (770) 852-9000 |
| Delaware |
| 75-2007383 |
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure.
Notes Offering by HD Supply, Inc.
On November 19, 2014, HD Supply Holdings, Inc. issued a press release announcing that its indirect wholly-owned subsidiary, HD Supply, Inc. (“HD Supply”), has commenced an offering of senior secured first priority notes (the “Notes”) in transactions that are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). A copy of the press release is furnished as Exhibit 99.1 to this report. HD Supply intends to use the proceeds from the offering, together with available cash, to redeem all of its outstanding 81/8% Senior Secured First Priority Notes due 2019 totaling $1,250 million in aggregate principal amount in accordance with the terms of HD Supply’s notice of conditional full redemption as described below, and to pay related fees and expenses. The redemption date is expected to be December 19, 2014. This report does not constitute an offer to sell or a solicitation of an offer to buy the Notes. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Notice of Conditional Redemption
On November 19, 2014, HD Supply, Inc. gave notice of conditional full redemption pursuant to the Indenture, dated as of April 12, 2012, as supplemented, among HD Supply, Wilmington Trust, National Association, as Trustee and Note Collateral Agent, and the subsidiary guarantors party thereto, that HD Supply has elected to redeem all of its outstanding 81/8% Senior Secured First Priority Notes due 2019 totaling $1,250 million in aggregate principal amount, subject to the satisfaction of specified conditions precedent set forth in the redemption notice, including consummation on or prior to the redemption date of the issuance or borrowing of new indebtedness in an aggregate principal amount of $1,250 million (or such other amount as may be determined by HD Supply).
The redemption price with respect to any redeemed note will be equal to 100.000% of the principal amount of such note, plus the Applicable Premium (calculated in accordance with the definition thereof in the Indenture), plus accrued but unpaid interest thereon to the redemption date.
This report does not constitute a notice of redemption under the Indenture nor an offer to tender for, or purchase, any notes or any other security. There can be no assurances that the conditions precedent to the redemption will be satisfied or that the redemption will occur.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
| Description of Exhibit |
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99.1 |
| Press Release “HD Supply, Inc. Announces Launch of Senior Secured First Priority Notes Offering,” dated November 19, 2014. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 19, 2014 | HD Supply Holdings, Inc. | |
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| By: | /s/ Ricardo J. Nuñez |
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| Ricardo J. Nuñez |
|
| Senior Vice President, General Counsel and Corporate Secretary |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 19, 2014 | HD Supply, Inc. | |
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| By: | /s/ Ricardo J. Nuñez |
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| Ricardo J. Nuñez |
|
| Senior Vice President, General Counsel and Corporate Secretary |