DEBT	9 Months Ended
Sep. 26, 2015
DEBT	NOTE 5. DEBT Amended Credit Facility Based on the September borrowing base certificate, at September 26, 2015, the Company had approximately $1.2 billion of available credit under the asset-based, multi-currency revolving credit facility (the “Amended Credit Facility”) provided by the Amended and Restated Credit Agreement entered into in May 2011, as amended effective February 2012, March 2013, November 2013 and May 2015. In May 2015, the Amended Credit Facility maturity date was extended from May 25, 2016 to May 25, 2017. As of September 26, 2015, letters of credit outstanding under the Amended Credit Facility totaled $86 million. There were no borrowings under the Amended Credit Facility in the third quarter of 2015. Other Under the Staples Merger Agreement, the Senior Secured Notes will be discharged, redeemed or defeased at the Effective Time of the Staples Acquisition. The Company was in compliance with all applicable financial covenants at September 26, 2015.

DEBT

9 Months Ended

Sep. 26, 2015

NOTE 5. DEBT

Amended Credit Facility

Based on the September borrowing base certificate, at September 26, 2015, the Company had approximately $1.2 billion of available credit under the asset-based, multi-currency revolving credit facility (the “Amended Credit Facility”) provided by the Amended and Restated Credit Agreement entered into in May 2011, as amended effective February 2012, March 2013, November 2013 and May 2015. In May 2015, the Amended Credit Facility maturity date was extended from May 25, 2016 to May 25, 2017. As of September 26, 2015, letters of credit outstanding under the Amended Credit Facility totaled $86 million. There were no borrowings under the Amended Credit Facility in the third quarter of 2015.

Other

Under the Staples Merger Agreement, the Senior Secured Notes will be discharged, redeemed or defeased at the Effective Time of the Staples Acquisition.

The Company was in compliance with all applicable financial covenants at September 26, 2015.