Staples To Make Public Offering
Staples Inc. of Framingham said it would make a public offering of the company's senior notes in order to pay off debt related its commercial paper program, a 2008 credit line and for general corporate purposes.
The company has filed a shelf registration statement with the U.S. Securities and Exchange Commission. The shelf registration allows the company to fulfill all registration procedures related to the offering but to wait for the market to be more favorable before actually selling the notes.
With the shelf registration in place, the company can bring its notes to market very quickly when conditions in the retail sector improve.
The Staples offering is being run by Barclays Capital Inc., Banc of America Securities LLC and HSBC Securities LLC.
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