The Atlanta-based company didn’t say in its Securities and Exchange Commission filing how many shares it planned to sell, give a projected price range or a proposed ticker symbol. But for the purpose of calculating its registration fee, the company said that the offering could generate up to $1 billion in proceeds.
HD Supply Holdings is the parent company of HD Supply Inc. It was formed in 2007 after a group of investors bought Home Depot Inc.’s former wholesale distribution business for $8.28 billion in cash and a 12.5 percent stake in the new company.
HD Supply provides a variety of products and services to about 500,000 customers in the maintenance, repair and operations, infrastructure and power and specialty construction sectors. Home Depot remains its largest customer and accounted for $296 million in revenue last year.
Also on Friday, HD Supply said its fourth-quarter loss widened to $713 million from $173 million in the year-ago period, hurt by hefty impairment and debt-related charges. Revenue rose 21 percent to $1.99 billion from $1.65 billion.
HD Supply Holdings said it plans to use the proceeds from the IPO to repay HD Supply Inc. debt and for general corporate purposes.
BofA Merrill Lynch, Barclays, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are the offering’s lead underwriters.