-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HLoCNiCS2y1LkZEOxx/keTaJY6+GngN6+DrlaTkB78bO2XCacUE7CSPlNzzQolMr OhVqU5kHmAr1YZZIqKahYA== 0000000000-05-016440.txt : 20060606 0000000000-05-016440.hdr.sgml : 20060606 20050405171106 ACCESSION NUMBER: 0000000000-05-016440 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050405 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: HUGHES SUPPLY INC CENTRAL INDEX KEY: 0000049029 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-HARDWARE & PLUMBING & HEATING EQUIPMENT & SUPPLIES [5070] IRS NUMBER: 590559446 STATE OF INCORPORATION: FL FISCAL YEAR END: 0130 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: CORPORATE OFFICE STREET 2: ONE HUGHES WAY CITY: ORLANDO STATE: FL ZIP: 32805 BUSINESS PHONE: 4078414755 MAIL ADDRESS: STREET 1: CORPORATE OFFICE STREET 2: ONE HUGHES WAY CITY: ORLANDO STATE: FL ZIP: 32805 LETTER 1 filename1.txt - 0312 March 31, 2005 John Pare Senior Vice President, General Counsel and Secretary Hughes Supply, Inc. One Hughes Way Orlando, FL 32805 Re: Hughes Supply, Inc. (HSI) File No.: 001-08772 Dear Mr. Pare, In your email to John Cash dated March 25, 2005 which was forwarded to me, you state that on October 12, 2004 HSI issued $300 million of senior unsecured notes under Rule 144A which are to be the subject of a registered exchange offer. You state that HIS has no independent assets or operations and that its subsidiaries who guaranteed the notes are all wholly-owned. You also state that the guarantees are all full and unconditional, with the exception of the guarantee by a captive insurance carrier whose guarantee is limited by capitalization requirements of the insurance regulator in Bermuda (the state of organization of that captive insurance carrier entity). You state that the assets, revenues and net income of the captive insurance carrier whose guarantee is not full and unconditional are immaterial to HSI`s consolidated financial statements. Therefore, you propose providing the information required by Rule 3-10(f) of Regulation S-X in abbreviated form similar to that allowed by Note 1 in HSI`s consolidated financial statements to be included in the registration statement for the exchange notes. Separate audited financial statements are required by Rule 3- 10(a) of Regulation S-X for subsidiaries who provide guarantees that are less than full and unconditional, without regard to the size of that subsidiary. In addition, since all conditions to the Rule 3- 10(f) alternative disclosure in Note 1 have not been met, the full condensed consolidating financial information specified in Rule 3- 10(f)(4) should be provided without abbreviation. The staff`s conclusion is based solely on the information included in your letter and in HSI`s October 2004 Form 8-K reporting the issuance of the notes. Different or additional material information could lead to a different conclusion. If you have any questions regarding this letter, please call me at (202) 942-2960. Sincerely, Leslie A. Overton Associate Chief Accountant ?? ?? ?? ?? -----END PRIVACY-ENHANCED MESSAGE-----