Sep 11, 2007

HD Supply Sale FinalizedSource: The Home Depot

Home Depot recently announced completion of the sale of HD Supply. The terms of sale were: purchase price of $8.5 billion, The Home Depot will own a 12.5-percent equity interest for $325 million, and The Home Depot guaranteed a $1 billion senior secured loan of HD Supply. The Company remains committed to its $22.5 billion recapitalization plan announced in June.