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Office Depot Announces Tender Offer Results

Friday August 30th, 2013 - 11:59AM


Today, Office Depot, Inc. announced today the results of its previously announced cash offer to purchase any and all of its $250 million in aggregate principal amount of outstanding 9.75% Senior Secured Notes due 2019. The offer is pursuant to the company’s provision to purchase dated July 30, and, as of the expiration time of the offer, Office Depot did not receive any valid tenders from holders of the notes.

The company offered to purchase the notes in connection with the sale of its indirect 50% interest in Office Depot de Mexico, S.A. de C.V., as required by the indenture governing the notes. Terms obliges Office Depot to pay a price equal to 100% of the principal amount of the notes validly tendered, plus accrued but unpaid interest thereon to the repurchase date.