Office Depot de Mexico to redeem all 6 7/8% notes due 2020 on Dec. 19

By Wendy Van Sickle

Columbus, Ohio, Nov. 18 – Office Depot de Mexico SA de CV will fully redeem its 6 7/8% senior notes due 2020 on Dec. 19, according to a notice filed with the London Stock Exchange.

The notes will be redeemed at the greater of par and the sum of the value at redemption of the redemption price of the notes on Sept. 20, 2017 plus all required interest payments through that date, discounted on a semiannual basis at the Treasury rate plus 50 basis points.

The issuer will also pay accrued interest of $16.996528 per $1,000 of notes.

The Mexican subsidiary of the Boca Raton, Fla.-based provider of office supplies and services Office Depot, Inc. is based in Mexico City.

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