8-K 1 a07-29149_18k.htm 8-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

 

Date of Report (Date of earliest event reported):  November 6, 2007

 

UNITED STATIONERS INC.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware

 

0-10653

 

36-3141189

(State or Other Jurisdiction

 

(Commission File Number)

 

(I.R.S. Employer

of Incorporation)

 

Identification No.)

 

 

 

 

 

One Parkway North Boulevard

 

 

Suite 100

 

 

Deerfield, Illinois

 

60015-2559

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (847) 627-7000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o                                    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                                    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                                    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act  (17 CFR 240.14d-2(b))

 

o                                    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act  (17 CFR 240.13e-4(c))

 

 


 

United Stationers Inc.

 

Item 2.03            Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

On November 6, 2007, United Stationers Supply Co. (“USSC”), a wholly owned subsidiary of United Stationers Inc., entered into an interest rate swap transaction (the “Swap Transaction”) with U.S. Bank National Association as the counterparty. USSC entered into the Swap Transaction to mitigate USSC’s floating rate risk on an aggregate of $135.0 million of floating rate senior secured notes due October 15, 2014 (the “Series 2007-A Notes”) sold on October 15, 2007 under a Master Note Purchase Agreement dated as of the same date. Under the terms of the Swap Transaction, USSC is required to make quarterly fixed rate payments to the counterparty calculated based on a notional amount of $135.0 million at a fixed rate of 4.674%, while the counterparty is obligated to make quarterly floating rate payments to USSC based on the three-month London Interbank Offered Rate on the same referenced notional amount. The Swap Transaction has an effective date of January 15, 2008 and a termination date of January 15, 2013. The Swap Transaction effectively fixes the interest rate under the Series 2007-A Notes at 5.974% per annum. Notwithstanding the terms of the Swap Transaction, USSC is ultimately obligated for all amounts due and payable under the Series 2007-A Notes.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

UNITED STATIONERS INC.

 

(Registrant)

 

 

 

 

Dated:  November 12, 2007

/s/ Victoria J. Reich

 

Victoria J. Reich

 

Senior Vice President and Chief Financial

 

Officer

 

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