Plumbing and Mechanical

Aug. 9, 2007 - Home Depot May Cut Price Of HD Supply

August 9, 2007

Home Depot Inc. may have to mark down the price of HD Supply as broader market jitters over debt slow private equity’s ability to finance such buyouts.

The home improvement retailer said Thursday that it has begun talks with Bain Capital Partners, the Carlyle Group and Clayton Dubilier & Rice to restructure the $10.3 billion sale of its contractor supply division last June.

While the Home Depot didn’t report any further details, the company issued a press release this morning that stated, “the discussions could result, among other things, in material changes to the terms and financing of the transaction, including a reduction in the $10.325 billion purchase price.”