Trading Companies and Distributors
Company Overview of HD Supply, Inc.
HD Supply, Inc. operates as an industrial distribution company in North America. The company distributes water, sewer, fire protection, and storm drain products comprising pipes, valves, hydrants, fittings, restraints, metering systems, backflow devices, manholes, castings, service material, fire protection, and irrigation products. It also offers a portfolio of power products, services, and solutions consisting of wire and cable, transformers, switchgear, lamps/lighting, poles and hardware, connectors, conduit, insulators, tools, safety equipment, arresters, fuses, metering equipment, and energy products, as well as maintenance, repair, and operations (MRO) products and consumables for the ...
3100 Cumberland Boulevard
Atlanta, GA 30339
Founded in 1973
Key Executives for HD Supply, Inc.
Chief Financial Officer and Senior Vice President
Senior Vice President of Operations
Chief Executive Officer of HD Supply Facilities Maintenance and President of HD Supply Facilities Maintenance
Chief Executive Officer of HD Supply Waterworks
Compensation as of Fiscal Year 2013.
HD Supply, Inc. Key Developments
HD Supply, Inc. Announces Amendments to its By-Laws
Jul 9 13
On July 2, 2013, a Certificate of Amendment of the Certificate of Incorporation of HD Supply, Inc. was filed with the Secretary of State of the State of Delaware and became
effective on that date. The Certificate of Amendment provides that the company, on its behalf and on behalf of its subsidiaries, renounces and waives any interest or expectancy in, or in being offered an opportunity to participate in, corporate opportunities, that are from time to time presented to certain of its shareholders or such shareholders' respective officers, directors, agents stockholders, members, partners, affiliates or subsidiaries, even if the opportunity is one that the company or its subsidiaries might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so. Upon the filing of the Certificate of Amendment, the Amended and Restated By-Laws of the company, as approved by the company's board of directors, became effective on July 2, 2013. The By-Laws increase the maximum number of directors that may constitute the Board from nine to twenty-one and also provide for certain other conforming and updating changes which reflect the initial public offering of the company's indirect parent, HD Supply Holdings, Inc.
HD Supply Announces Amendment to Its ABL Credit Agreement, Dated as of April 12, 2012
Jun 4 13
On May 30, 2013, HD Supply, Inc. entered into a commitment letter (the Commitment Letter) with General Electric Capital Corporation, Bank of America, N.A., Barclays Bank PLC, JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Credit Suisse AG, Cayman Islands Branch, Citigroup Global Markets Inc., on behalf of itself and Citibank, N.A., Citicorp USA, Inc., Citicorp North America, Inc., Deutsche Bank Trust Company Americas, UBS Loan Finance LLC, Goldman Sachs Bank USA, PNC Bank, National Association and SunTrust Bank (the Committed Lenders), under which the Committed Lenders have committed, subject to the terms and conditions set forth in the Commitment Letter, to provide the Company with an amendment (the Amendment) to its existing ABL Credit Agreement, dated as of April 12, 2012, in the aggregate principal amount of $1,500,000,000 (the ABL Facility). The commitment to enter into the Amendment will expire on October 15, 2013 and is subject to the initial public offering of HD Supply Holdings, Inc. The Amendment will (i) reduce the applicable margin for borrowings under the ABL Facility by 0.25%; (ii) reduce the commitment fee applicable thereunder; (iii) extend the maturity date of the ABL Facility to the date that is five years from the Amendment effective date (or, if earlier, the maturity date under the Company's Cash Flow Facility); (iv) make certain changes to the borrowing base and (v) reduce the sublimit available for letters of credit under the ABL Facility from $400.0 million to $250.0 million.
HD Supply, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 5, 2013
Jun 4 13
HD Supply, Inc. announced unaudited consolidated earnings results for the first quarter ended May 5, 2013. For the period, the company reported net sales of $2,068 million against $1,836 million for the period ended April 29, 2013. Operating income was $100 million against $43 million for the period ended April 29, 2013. Loss from continuing operations before provision for income taxes was $88 million against $343 million for the period ended April 29, 2013. Loss from continuing operations was $131 million against $376 million for the period ended April 29, 2013. Net loss was $131 million against $360 million for the period ended April 29, 2013. Adjusted EBITDA was $164 million against $133 million for the period ended April 29, 2013. The increase in the Adjusted EBITDA rate reflects continued focus on operating efficiency and the leveraging of fixed costs through sales volume increases.
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