TEXT: S&PCORRECT: Office Depot $250 Mil Sr Secd Nts Rtd 'B-'
CHICAGO (Standard & Poor's) March 6, 2012--Standard & Poor's Ratings Services said today that it assigned its 'B-' issue-level rating to U.S.-based Office Depot Inc.'s (B-/Stable/--) proposed $250 million seven-year senior secured notes, which we expect to be privately placed under rule 144A without registration rights. The recovery rating on the proposed notes is '4', indicating that lenders could expect average (30% to 50%) recovery in the event of a payment default or bankruptcy.
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here