FRAMINGHAM, Mass.--(BUSINESS WIRE)--Mar. 24, 2009--
Staples, Inc. (Nasdaq: SPLS) announced today the proposed public
offering of its senior notes. The public offering will be made pursuant
to an effective shelf registration statement on file with the U.S.
Securities and Exchange Commission. The proceeds from the proposed
public offering will be used to repay its outstanding debt related to
its commercial paper program, as well as for general corporate purposes.
Barclays Capital Inc., Banc of America Securities LLC and HSBC
Securities (USA) Inc. are acting as joint book-running managers.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, Staples' senior notes or any other
securities, nor shall there be any sale of securities mentioned in this
press release in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state.
The offering of senior notes may be made only by means of a prospectus
and prospectus supplement. A copy of the prospectus and prospectus
supplement relating to the securities can be obtained from Barclays
Capital Inc., (888) 227-2275 ext. 2663; Banc of America Securities LLC,
(800) 294-1322; or HSBC Securities (USA) Inc., (866) 811-8049.
Staples, the world's largest office products company, is committed to
making it easy for customers to buy a wide range of office products,
including supplies, technology, furniture, and business services. With
2008 sales of $23 billion and 91,000 associates worldwide, Staples
serves businesses of all sizes and consumers in 27 countries throughout
North and South America, Europe, Asia and Australia. In July 2008,
Staples acquired Corporate Express, one of the world's leading suppliers
of office products to businesses and institutions. Staples invented the
office superstore concept in 1986 and is headquartered outside Boston.
Certain information contained in this press release constitutes
forward-looking statements for purposes of the safe harbor provisions of
The Private Securities Litigation Reform Act of 1995, including the
statements regarding our intention to issue notes and our expected use
of proceeds. These statements relate to future events and can generally
be identified by words such as "expects" and "intends". Forward-looking
statements are inherently uncertain. The success of the offering and the
sale of the notes are subject to a number of conditions, not all of
which are within Staples' control. There is no assurance that Staples
will successfully complete the proposed offering or apply the proceeds
of the offering as presently intended. Actual results may differ
materially from those indicated by such forward-looking statements as a
result of risks and uncertainties, including but not limited to changes
in national or regional economies, changes in the interest rate
environment and other factors discussed or referenced in our most recent
annual report on Form 10-K filed with the SEC, under the heading "Risk
Factors" and elsewhere, and any subsequent periodic or current reports
filed by us with the SEC. In addition, any forward-looking statements
speak only as of the date such statements are made. While we may elect
to update forward-looking statements at some point in the future, we
specifically disclaim any obligation to do so.
Source: Staples, Inc.
Paul Capelli/Owen Davis,
Lefebvre/Chris Powers, 508-253-4080/4632