Office Depot de Mexico to redeem 6 7/8% notes due 2020 at 107.522667

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – Office Depot de Mexico SA de CV announced the redemption price for its 6 7/8% senior notes due 2020 will be 107.522667.

The issuer will also pay accrued interest on notes to the redemption date of Dec. 19, according to a notice filed with the London Stock Exchange.

The accrued interest will equal $16.996528 per $1,000 principal amount.

The redemption price was set using 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 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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