BRIEF-Staples States Amends A Credit Arrangement

n > May 17 Staples Inc

* Entered into modifications to credit arrangement, dated since
May 31, 2013, by and amongst Staples, lenders, and Bank Of
America

* Amendment amends credit arrangement to customize meaning of
consolidated EBIT to reset $100 million extraordinary and
nonrecurring cash charge

* Amends definition of consolidated EBIT to include back
deal costs of approximately $300 mln in connection with
termination of acquisition of Office Depot

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Posted on June 26, 2016, 7:04 AM By
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