OfficeMax (OMX) Enters New $650M Secured Revolving Facility
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OfficeMax Incorporated (NYSE: OMX), a leader in office supplies, technology and services, today announced it has entered into a $650 million secured revolving credit facility with a term expiring in October 2016.
This credit facility amends the existing $700 million U.S. and C$60 million Canadian credit facilities, which were scheduled to expire in July 2012, and consolidates them into a single North American credit facility. Seven financial institutions participated in the credit facility with Wells Fargo Capital Finance, LLC (an affiliate of Wells Fargo & Company (NYSE: WFC)), Merrill Lynch, Pierce Fenner & Smith Incorporated, and J.P. Morgan Securities LLC serving as joint lead arrangers. At present, there are no outstanding borrowings under the credit facility.
This credit facility amends the existing $700 million U.S. and C$60 million Canadian credit facilities, which were scheduled to expire in July 2012, and consolidates them into a single North American credit facility. Seven financial institutions participated in the credit facility with Wells Fargo Capital Finance, LLC (an affiliate of Wells Fargo & Company (NYSE: WFC)), Merrill Lynch, Pierce Fenner & Smith Incorporated, and J.P. Morgan Securities LLC serving as joint lead arrangers. At present, there are no outstanding borrowings under the credit facility.
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