Staples, Inc. Announces Expiration and Final Results of its Previously
Announced Cash Tender Offer
FRAMINGHAM, Mass. -- February 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withdrawn.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 22, 2013.
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,
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 documents.
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 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
Kirk Saville, 508-253-8530
Chris Powers/Kevin Barry
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