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Office Depot gets no tenders for 9¾% notes under cash offer
By Marisa Wong
Madison, Wis., Aug. 29 - Office Depot, Inc. said it did not receive any tenders from holders of its 9¾% senior secured notes due 2019 as of 11:59 p.m. ET on Aug. 28, the expiration of the cash offer for any and all of the $250 million of outstanding notes.
Office Depot launched the cash tender offer on July 30. According to a prior news release, the offer was made in connection with the previously announced sale of the company's indirect 50% interest in Office Depot de Mexico, SA de CV. The tender was required under the note indenture.
The company offered par plus accrued interest to the repurchase date.
U.S. Bank NA was the paying agent and depositary (561 438-7878).
The issuer is a Boca Raton, Fla.-based supplier of office products and services.
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