Staples (NASDAQ:SPLS) Prices Public Offering of $500 Million Senior Notes at 2.75% and $500 Million Senior Notes at 4.375% – SPLS, OMX, ODP, USTR

Staples, Inc (NASDAQ:SPLS) reported that it has priced public offering of $500 million of Senior Notes pay able on January 12, 2018, at 2.75% coupon, and $500 million of Senior Notes at 4.375% coupon due January 12, 2023. The offering is anticipated to end on January 14, 2013.

The Framingham, Massachusetts based Staples anticipates to get net proceeds of almost $993.8 million after the underwriting discount.

The corporation plans to use offering proceeds to fund its earlier reported debt tender offer for almost $750 million of its outstanding 9.750% Senior Notes payable 2014 in addition to for general corporate purposes.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. OfficeMax Incorporated (NYSE:OMX) fell -3.19% to settle at $9.70, Office Depot Inc (NYSE:ODP) moved down -0.55% to end at $3.64 while United Stationers Inc. (NASDAQ:USTR) jumped +1.22% to finish at $32.47 on Monday.

Staples, Inc. (NASDAQ:SPLS) last session’s volume of 7.87 million shares was surprisingly lower than its average volume of 10.29 million shares. The stock after opening at $11.69 hit high price of $12.01 and then closed at $11.99 by scoring +1.96%.

The liquidity measure in recent quarter results of the company was recorded 1.62 as current ratio and on the other side the debt to equity ratio was 0.27 and long-term debt to equity ratio remained at 0.25. The Company had total cash of $1.02 billion at hand and a book value per share as $9.15 in the most recent quarter.

The stock’s price volatility was 2.81% for a week and 2.59% for a month as well as price volatility’s Average True Range for 14 days was 0.30 and its beta remained at 0.98.

SPLS generated revenue of $24.27 billion in the previous twelve months and earned $32.92 million. The Company showed a positive 0.13% in the net profit margin as well as in its operating margin which remained at 2.74%. Company’s annual sales growth for the past five years was 6.62%.

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