Oct 9 (Reuters) - HD Supply Inc :
* Announces launch of senior notes offering
* Intends to commence a private offering of $750 million of senior notes due 2020
* Further company coverage
HD Supply, Inc. ("HD Supply") today announced that it intends to commence a private offering of $750,000,000 of Senior Notes due 2020 ( the "Notes"). There can be no assurance that the proposed offering of Notes will be completed.
HD Supply intends to use the proceeds from the sale of the Notes to redeem a portion of its outstanding 13.5% Senior Subordinated Notes due 2015 and to pay related fees and expenses.
The Notes will be offered in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended (the "Securities Act"). The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A and to certain persons outside the United States pursuant to Regulation S, each under the Securities Act.
The Notes will not be and have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
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