Staples, Inc. Announces Tender Offer For Up To $750 Million Of Its 9.750% Senior Notes Due 2014

Staples, Inc. (Nasdaq: SPLS) announced today that it plans to reduce its interest expense and increase its financial flexibility through a tender offer to purchase for cash up to $750 million in aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 9.750% Senior Notes due 2014 (the “Notes”). The tender offer is being made upon, and is subject to, the terms and conditions set forth in the Offer to Purchase, dated January 7, 2013 (the “Offer to Purchase”) and the related Letter of Transmittal.

The following table sets forth some of the terms of the tender offer, which are more fully set forth in the Offer to Purchase and Letter of Transmittal:
Title of Security      

CUSIP Number
     

Principal Amount Outstanding
     

 

Maximum Tender Amount
     

Reference U.S. Treasury Security
     

Bloomberg Reference Page
     

Fixed Spread
     

Early Tender Premium (1)
     

Hypothetical Total Consideration

9.750% Senior Notesdue 2014
855030AJ1 $1,500,000,000 $750,000,000

1.00% U.S. Treasury Notedue January 15, 2014
BBT4 50 bps $30.00 $1,088.48 (2)

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