Office Depot gets $1.25B financing

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By AP
29 September 2008 @ 07:48 am EST

DELRAY BEACH, Fla. - Office-supplies retailer Office Depot Inc. said Friday it entered into a new $1.25 billion asset-based credit facility.

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ODP

1.7

0.2

The facility will be secured by Office Depot's inventory, accounts receivable, cash and depository accounts.

It replaces the Delray Beach, Fla.-based company's current $1 billion revolving credit agreement.

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Office Depot gets $1.25B financing

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