Office Depot Streamlines Capital Structure by Refinancing Existing Credit Facility and Repaying Term Loan
The ODP Corporation (ODP)
Last the odp corporation earnings: 2/26 06:50 am
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US:NYSE Investor Relations:
investor.officedepot.com
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Source: Business Wire
Increases Size of Asset-Based Credit Facility up to $1.3 BillionExtends Facility Maturity Date to April 2025Term Loan Fully Repaid with Combination of New Credit Facility and Cash on HandExpected Annual Cash Interest and Amortization Savings of Nearly $90 MillionStreamlined Capital Structure Preserves Strong Liquidity Position BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (“Office Depot,” or the “Company”) (NASDAQ: ODP), a leading provider of business services and supplies, products and technology solutions, today announced that it has refinanced its existing asset-based credit facility with a new five-year agreement (“credit facility”) and retired its Term Loan Credit Agreement due 2022 (“term loan”).“As validation of our strong financial position and balance sheet, we’ve taken actions to streamline our capital structure by repaying the term loan in full, reducing annual interest expense, and increasing and extending our committed credit facility to 2025,” said Gerry Smith
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News
- ODP (NASDAQ:ODP) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Here is What to Know Beyond Why The ODP Corporation (ODP) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
- ODP (NASDAQ:ODP) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Families Stretched Back-to-School Shopping Season in 2025 to Ease Financial Strain [Yahoo! Finance]Yahoo! Finance
- ODP (NASDAQ:ODP) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
ODP
Earnings
- 11/5/25 - Beat
ODP
Sec Filings
- 11/21/25 - Form DEFA14A
- 11/21/25 - Form 8-K
- 11/12/25 - Form SCHEDULE
- ODP's page on the SEC website