Staples refinances its debt

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Staples refinances its debt

In 2017, Staples, the office supply superstore chain, was acquired by Sycamore Partners for $6.9 billion

Sycamore financed acquisition with $5.7 billion in debt
Includes $300 million loan that was to come due to 2024
$5 billion is due in 2026
Staples announced it has closed a $2.375 billion of 10.75% secured notes due in 2029 to refinance the above debt

6/25/2410:35 PM

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Staples refinances its debt

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