For the workspace products and solutions company, a multidisciplinary team provided advice on a US$2.375 billion senior secured notes offering, exchange offer, and term loan refinancing.
Staples, Inc. has announced that it has successfully completed a comprehensive debt refinancing, which has reduced the amount of debt the company owes and extended the maturity dates to more than five years. Staples now holds the position of leading distributor of workspace products and logistics services in the nation thanks to these actions. Regarding the renegotiating exchanges, Latham prompted on a US$2.375 billion senior got notes offering, a trade offer for all of the organization’s extraordinary 10.75% senior notes due 2027, as well as the renegotiating of the organization’s term credit.
Latham and Watkins LLP addressed the underlying buyers in the senior got notes offering, the vendor supervisors in the trade offer, and the moneylenders in the term credit renegotiating with a capital business sectors group drove by New York accomplices Stelios Saffos, Michael Benjamin, and Andrew Bread cook, with partners Hana Nah, Heavenly messenger Marcial, Scratch Gonzalez, Erin Gilgen, Alex Gulino, and Emma Gilmore. Exhortation was additionally given on financial issues by Los Angeles accomplices Jason Bosworth and Josh Holt, with partners Thomas Alcorn and Yesenia Barberena; on charge matters by New York accomplice Eric Kamerman; on data privacy issues by Rob Blamires, a partner in the Bay Area, and Kiara Vaughn, an associate; on rebuilding matters by New York accomplice David Hammerman, with partner Jonathan Gordon; also, on pay and advantages matters by New York accomplice Bradd Williamson and New York counsel Rifka Artist.
At the Top 40 supplier, Michael Brennan will be in charge of the customer service, retention, order processing, art, and account management teams.
Michael Brennan led customer service operations at Staples Inc.’s business-to-business and business-to-consumer divisions while serving as vice president of customer service. He was in charge of facilities in the United States, Canada, India, and the Philippines.
Brennan’s presently taking that experience to Top 40 special items provider PCNA (asi/66887), where he’s simply been named VP of client achievement
Brennan’s charge is to lead the client support, maintenance, request handling and craftsmanship, and record supervisory groups inside the Pennsylvania-settled association’s client achievement division.
Neil Ringel, CEO of PCNA and a member of Counselor’s Power 50 list of promo’s most influential people, stated, “Mike brings a deep understanding of customer service excellence.” Our shared vision of a customer-first culture characterized by collaboration, engagement, and superior service is reflected in his professional experience. We are pleased to invite him to the PCNA family.”
Brennan holds a lone wolf’s of business organization in finance from the College of Massachusetts Amherst and a MBA in finance from Bentley College. He enjoyed almost 30 years with Staples, the confidential value possessed parent organization of Top 40 merchant Staples Special Items (asi/120601), serving in the VP of client care job for over 15 years subsequent to ascending through different positions.
According to Brennan, “I am thrilled to join PCNA and contribute to its leading market presence.” By cooperating to upgrade the degree of administration greatness, I’m certain about our capacity to reliably further develop cycles and influence creative procedures to fortify the client experience.”
According to Counselor’s most recent list of the industry’s largest suppliers, PCNA ranked fourth with reported North American promotional product revenue of $857.3 million in 2022. The new rankings are expected out this late spring.
