DEBT (Tables)

3 Months Ended

Apr. 30, 2017

DEBT

Schedule of long-term debt

HDS’s long-term debt as of April 30, 2017 and January 29, 2017 consisted of the following (dollars in millions):

	April 30, 2017				January 29, 2017
	Outstanding Principal			Interest Rate %(1)	Outstanding Principal			Interest Rate %(1)
Senior ABL Facility due 2022	$	439		2.65	$	421		2.38
Term B-1 Loans due 2021	537			3.90	639			3.75
Term B-2 Loans due 2024	547			3.90	549			3.75
December 2014 First Priority Notes due 2021	1,250			5.25	1,250			5.25
April 2016 Senior Unsecured Notes due 2024	1,000			5.75	1,000			5.75
Total gross long-term debt	$	3,773			$	3,859
Less unamortized discount	(8		)		(9		)
Less unamortized deferred financing costs	(35		)		(38		)
Total net long-term debt	$	3,730			$	3,812
Less current installments	(14		)		(14		)
Total net long-term debt, excluding current installments	$	3,716			$	3,798

(1) Represents the stated rate of interest, without including the effect of discounts or premiums.

5.25% December 2014 Secured First Priority Notes due 2021

DEBT

Schedule of notes redemption

Year	Percentage
2017	103.938	%
2018	102.625	%
2019	101.313	%
2020 and thereafter	100.000	%

5.75% April 2016 Senior Unsecured Notes due 2024

DEBT

Schedule of notes redemption

Year	Percentage
2019	104.313	%
2020	102.875	%
2021	101.438	%
2022 and thereafter	100.000	%