Thursday, August 30, 2007

Home Depot completes its $8.5 billion sale of HD Supply (Atlanta Journal-Constitution)

Atlanta-based Home Depot said Thursday it closed the sale of its wholesale supply unit to three private equity firms for $8.5 billion. Under a deal announced earlier this week, Home Depot also will pay $325 million for a 12.5 percent equity interest in HD Supply and guarantee a $1 billion loan. Home Depot's stock has spiked more than 7 percent, or $2.58 a share, in the past week on news of the ...

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[Source: Yahoo! News Search Results for home equity loan]

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