March 24, 2009
Staples Plans Public Offering To Repay Debts
By Matthew L. Brown
Framingham-based office supplies giant Staples Inc. has proposed the public offering of the company's senior notes.
The company has filed for shelf registration of the transaction, which allows Staples to register now and wait up to three years, in hopes that market conditions will improve, before actually making the offering.
The company said it would use the proceeds of the offering to repay debt related to its commercial paper program and for general corporate purposes.
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