December 31, 2008
Staples Reduces Credit Line
Staples Inc., the Framingham-based office supply giant, is voluntarily reducing a credit line designed partly to help finance the acquisition of Corporate Express N.V.
The company said it is reducing the credit line, from Barclays Bank PLC and other lenders, from $3 billion to $2.75 billion.
Staples entered into an agreement to buy Corporate Express, a Dutch office supply company, in June.
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