Business News

Staples, Inc. Announces Proposed Public Offering of Senior Notes

Tuesday 13. January 2009 - Staples, Inc. (Nasdaq: SPLS) announced today the proposed public offering of its senior notes. The public offering will be made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission.

The proceeds from the proposed public offering will be used to repay in part Staples’ outstanding debt related to its commercial paper program; 2008 credit agreement, which backstops the commercial paper program; and revolving credit facility, as well as for general corporate purposes.

Barclays Capital Inc., Banc of America Securities LLC and HSBC Securities (USA) Inc. are acting as joint book-running managers.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, Staples’ senior notes or any other securities, nor shall there be any sale of securities mentioned in this press release in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.