Staples, Inc. Announces Commencement of Exchange Offer for Outstanding 10.75% Senior Notes due 2027 and Consent Solicitation

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (the “Company”) today announced that it has commenced an offer to exchange (the “Exchange Offer”) any and all of the Company’s outstanding 10.75% Senior Notes due 2027 (the “Old Notes”) held by Eligible Holders (as defined below) for newly issued 12.75% Junior Lien Secured Notes due 2030 (the “Exchange Notes” and the issuance thereof, the “Exchange Notes Issuance”) to be issued by the Company and guaranteed by Arch Parent Inc., the parent entity