Staples Refinancing Taking Shape as Banks Sound Out Investors
- JPMorgan, Morgan Stanley work on possible bond, loan package
- Office-supply chain has more than $5 billion debt due by 2026
Staples’ debt has risen in price in recent months in anticipation of a refinancing transaction.
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Banks including JPMorgan Chase & Co. and Morgan Stanley are gauging investor interest in a debt package to refinance Staples Inc.’s near-term debt, according to people with knowledge of the matter.
While details of any refinancing are still being ironed out, a package including both bonds and bank loans is possible as early as next week, said the people, who asked not to identified discussing a private transaction.