Debevoise & Plimpton LLP has advised Clayton, Dubilier & Rice in the financing of its acquisition of HD Supply Holding Inc.’s Construction & Industrial-White Cap business (“White Cap”), a leading distributor of specialty concrete and construction products, and CD&R’s combination of White Cap with The Construction Supply Group (“CSG”), a leading U.S. distributor of specialty concrete and masonry accessories. 

The financing for the transaction includes a $2.38 billion cash flow-based facility, a $700 million asset-based revolving facility and $640 million in senior unsecured notes.

The Debevoise team was led by finance partner Jeffrey Ross and included counsel Zahra Sowder, associates Jongmin Char, Alexandra Grossman, Temitayo NeneAqua Umoren and law clerk Alexander Furman.