Office Depot starts cash tender offer for any and all 9¾% notes

By Jennifer Chiou

New York, July 30 - Office Depot, Inc. announced the launch of its cash tender offer for any and all of its $250 million of 9¾% senior secured notes due 2019.

According to a news release, the company is conducting the offer in connection with the previously announced sale of its indirect 50% interest in Office Depot de Mexico, SA de CV. The tender is required under the note indenture.

Office Depot is offering par plus accrued interest to the repurchase date.

The offer will end at 11:59 p.m. ET on Aug. 28.

Settlement is anticipated for Aug. 29.

U.S. Bank NA is 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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