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Home Depot ratings not immediately hit by revised HD Supply sale terms - S&P


Published : Wed, 29 Aug 2007 06:02
By : Agencies
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MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said Home Depot Inc's revised HD Supply sale terms have no immediate impact on the company's ratings.

Home Depot cut by 1.8 bln usd the sale price of HD Supply to a consortium of private equity investors, including Clayton, Dubilier & Rice, the Carlyle Group, and Bain Capital.

The price now stands at 8.5 bln usd.

Home Depot will also guarantee 1 bln usd of senior unsecured loans of HD Supply, which we will count as debt for Home Depot.

TFN.newsdesk@thomson.com

jro

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