Office Depot to launch $500 million first-lien term loan on Friday

By Sara Rosenberg

New York, Nov. 8 – Office Depot Inc. is set to hold a lender call at 11 a.m. ET on Friday to launch a $500 million senior secured first-lien term loan, according to a market source.

Goldman Sachs Bank USA is the lead on the deal.

Proceeds will be used to reprice an existing first-lien term loan.

Office Depot is a Boca Raton, Fla.-based provider of office supplies and business products and services.

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