Latham & Watkins Advises on Staples, Inc.’s US$2.375 Billion Senior Secured Notes Offering

On June 10, 2024, Staples, Inc. closed an offering of US$2.375 billion of 10.750% senior secured notes due 2029.

Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by New York partners Stelios Saffos, Michael Benjamin, and Andrew Baker, with associates Hana Nah, Angel Marcial, Nick Gonzalez, Erin Gilgen, Alex Gulino, and Emma Gilmore. Advice was also provided on banking matters by Los Angeles partners Jason Bosworth and Josh Holt, with associates Thomas Alcorn and Yesenia Barberena; on tax matters by New York partner Eric Kamerman; on data privacy matters by Bay Area partner Rob Blamires, with associate Kiara Vaughn; on restructuring matters by New York partner David Hammerman, with associate Jonathan Gordon; and on compensation and benefits matters by New York partner Bradd Williamson and New York counsel Rifka Singer.