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HD Supply purchase price amended to $8.5bn28/08/2007. Source: AltAssets. 
 US home improvement retailer Home Depot has amended its purchase and sale agreement for its wholesale distribution arm, HD Supply. A private equity consortium comprising Bain Capital Partners, The Carlyle Group and Clayton, Dubilier & Rice, are to pay $8.5bn, a reduction of $1.8bn from the original agreement.
Home Depot has also agreed to purchase a 12.5 per cent equity interest for $325m, and to guarantee a $1bn senior secured loan of HD Supply.
Underwriters Merrill Lynch, JP Morgan and Lehman Brothers have also provided revised debt commitment for the deal.
Chairman and CEO of Home Depot, Frank Blake, said, 'Despite the softness in the financing and residential construction markets, the terms of the HD Supply sale deliver shareholder value today and in the future as we will share in HD Supply's upside potential. We are now focused on our retail business.'
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