United Stationers to draw on revolver to fund OKI Supply stock buyout

By Ashley Montgomery

Kansas City, Kan., Oct. 22 - United Stationers Inc. plans to draw on its revolving credit facility to fund subsidiary United Stationers Supply Co.'s acquisition of OKI Supply Co. stock, according to a news release.

United Stationers Supply has agreed to purchase all of OKI's outstanding shares for $90 million, the company said. The acquisition is expected to close in November. Funding will also come from cash on hand.

The company will discuss the acquisition in its third quarter 2012 earnings call on Thursday.

United Stationers is a Deerfield, Ill., wholesale distributor of business products.

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