Staples Refinancing Taking Shape as Banks Sound Out Investors

April 10, 2024, 8:14 PM UTC

Banks including JPMorgan Chase & Co. and Morgan Stanley are gauging investor interest in a debt package to refinance Staples Inc.’s near-term debt, according to people with knowledge of the matter.

While details of any refinancing are still being ironed out, a package including both bonds and bank loans is possible as early as next week, said the people, who asked not to identified discussing a private transaction.

The Sycamore Partners-backed office supply chain has more than $6 billion in debt, including an almost $300 million loan that matures this year and more than $5 billion coming due ...

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