FRAMINGHAM, Mass.--(BUSINESS WIRE)--Feb. 5, 2013--
Staples, Inc. (Nasdaq: SPLS) announced today the expiration of its
previously announced tender offer for up to $750,000,000 of its
outstanding $1,500,000,000 in aggregate principal amount of 9.750%
Senior Notes due 2014 (the “Notes”). The terms and conditions of the
tender offer were set forth in Staples’ Offer to Purchase dated January
7, 2013 (the “Offer to Purchase”), and the related Letter of Transmittal.
The tender offer expired at 11:59 p.m., New York City time, on February
4, 2013 (such date and time, the “Expiration Date”).
As previously announced, as of 5:00 p.m., New York City time, on January
18, 2013 (the “Early Tender Date”), approximately $633 million in
aggregate principal amount of the outstanding Notes had been validly
tendered and not withdrawn. Payment for these Notes was made on January
Subsequent to the Early Tender Date, an additional $295,000 in aggregate
principal amount of the Notes were tendered in the tender offer prior to
the Expiration Date, and were accepted for purchase by Staples on
February 5, 2013.
Barclays Capital Inc. and BofA Merrill Lynch acted as the dealer
managers for the Tender Offer. The information agent and tender agent
for the Tender Offer was D.F. King & Co., Inc. The Tender Offer was made
only by the Offer to Purchase and the related Letter of Transmittal, and
the information in this news release is qualified by reference to such
This release is for informational purposes only and is neither an offer
to purchase nor a solicitation of an offer to sell the Notes. The Tender
Offer was not made to holders in any jurisdiction in which the making or
acceptance thereof would not be in compliance with the securities, blue
sky or other laws of such jurisdiction. In any jurisdiction in which the
Tender Offer was required to be made by a licensed broker or dealer, it
was deemed to be made by the dealer managers or any other licensed
broker or dealer on behalf of Staples.
Staples is the world’s largest office products company and second
largest internet retailer. The company provides products, services and
expertise in office supplies, copy & print, technology, facilities and
breakroom, and furniture. Staples invented the office superstore concept
in 1986 and now has annual sales of $25 billion, ranking second in the
world in eCommerce sales. With 88,000 associates worldwide, Staples
operates in 26 countries throughout North and South America, Europe,
Asia and Australia, making it easy for businesses of all sizes and
consumers. The company is headquartered outside Boston.
Source: Staples, Inc.
Kirk Saville, 508-253-8530
Chris Powers/Kevin Barry