Exhibit 10.4

 

BANK OF AMERICA, N.A.

BARCLAYS BANK PLC

MERRILL, LYNCH, PIERCE, FENNER &

745 Seventh Avenue

SMITH INCORPORATED

New York, NY 10019

One Bryant Park

 

New York, NY 10036

 

 

 

WELLS FARGO BANK,

HSBC SECURITIES (USA) INC.

NATIONAL ASSOCIATION

HSBC BANK USA, NATIONAL ASSOCIATION

One Boston Place, 19th Floor

452 Fifth Avenue

Boston, MA 02108

New York, NY 10018

 

 

J.P. MORGAN SECURITIES LLC

PNC CAPITAL MARKETS LLC

JP MORGAN CHASE BANK, N.A.

PNC BANK, NATIONAL ASSOCIATION

383 Madison Avenue, 24th Floor

340 Madison Ave. 11th Floor

New York, NY 10179

New York, NY 10173

 

 

TD BANK, N.A.

U.S. BANK NATIONAL ASSOCIATION

NY3-327-241

MK-IL-RY3B

125 Park Avenue, 24th Floor

209 South LaSalle Street, Suite 300

New York, NY 10017

Chicago, IL 60604

 

PERSONAL AND CONFIDENTIAL

 

May 10, 2016

 

Staples, Inc.
500 Staples Drive
Framingham, MA 01702
Attention:  Ronald L. Sargent, Chairman and Chief Executive Officer

 

Project Warrior
$3,000,000,000 ABL Facility
Amendment to Second Amended and Restated Commitment Letter

 

Ladies and Gentlemen:

 

Reference is hereby made to that certain Second Amended and Restated Commitment
Letter, dated as of February 2, 2016 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Commitment Letter”)
from (i) Bank of America, N.A. (“Bank of America”), (ii) Merrill Lynch, Pierce,
Fenner & Smith Incorporated (“MLPFS”), (iii) Barclays Bank PLC (“Barclays”,
together with Bank of America and MLPFS, collectively, the “Original Commitment
Parties”), (iv) Wells Fargo Bank, National Association (“Wells Fargo”) pursuant
to that certain Joinder to Second Amendment and Restated Commitment Letter,
dated February 2, 2016, (v) HSBC Bank USA, N.A. (“HSBC Bank”) and HSBC
Securities (USA) Inc., (“HSBC Securities”) pursuant to that certain Joinder to
Second Amendment

 

1

--------------------------------------------------------------------------------

 

and Restated Commitment Letter, dated February 2, 2016, (vi) PNC Bank, National
Association (“PNC Bank”) and PNC Capital Markets LLC (“PNCCM”) pursuant to that
certain Joinder to Second Amendment and Restated Commitment Letter, dated
February 2, 2016, (vii) TD Bank, N.A. (“TD Bank”) pursuant to that certain
Joinder to Second Amendment and Restated Commitment Letter, dated February 2,
2016, (viii) U.S. Bank National Association (“U.S. Bank”) pursuant to that
certain Joinder to Second Amendment and Restated Commitment Letter, dated
February 2, 2016 and (ix) JPMorgan Chase Bank, N.A. (“JPMCB”) and J.P. Morgan
Securities LLC (“JPMS”, and together with the Original Commitment Parties, Wells
Fargo, HSBC Bank, HSBC Securities, PNC Bank, PNCCM, TD Bank, U.S. Bank and
JPMCB, collectively, the “Commitment Parties”) pursuant to that certain Joinder
to Second Amendment and Restated Commitment Letter, dated February 2, 2016 to
Staples, Inc., a Delaware corporation (the “Company”).  Capitalized terms used
herein without definition shall have the meanings set forth in the Commitment
Letter.

 

The Commitment Parties and the Company hereby agree to amend clause (iv) of the
first paragraph of Section 10 (Termination; Acceptance) of the Commitment Letter
by deleting the date “May 10, 2016” in both instances in clause (iv) of the
first paragraph of such Section 10 that such date appears and inserting in lieu
thereof, in both instances, the date “May 31, 2016”.

 

In connection therewith, the Commitment Parties and the Company further agree to
amend Section 4.01(q) of the ABL Draft Credit Agreement by deleting the date
“May 10, 2016” in both instances in such Section that such date appears and
inserting in lieu thereof, in both instances, the date “May 31, 2016”.

 

Except as amended by this letter agreement (this “Letter Agreement”), the
Commitment Letter shall remain in full force and effect.  This Letter Agreement
may be executed in any number of counterparts, each of which when executed will
be an original and all of which, when taken together, will constitute one
agreement.  Delivery of an executed counterpart of a signature page of this
Letter Agreement by facsimile or other electronic transmission will be as
effective as delivery of a manually executed counterpart hereof.

 

[The remainder of this page is intentionally left blank.]

 

2

--------------------------------------------------------------------------------

 

Please evidence your agreement with the terms of this letter agreement by
returning executed counterparts of this letter agreement.

 

 

Very truly yours,

 

 

 

BANK OF AMERICA, N.A.

 

 

 

 

 

By:

/s/ Andrew Cerussi

 

 

Name: Andrew Cerussi

 

 

Title: Director

 

 

 

 

 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

 

 

 

 

 

By:

/s/ Andrew Cerussi

 

 

Name: Andrew Cerussi

 

 

Title: Director

 

[Signature Page to Amendment to Second Amended and Restated Commitment Letter]

 

--------------------------------------------------------------------------------

 

 

BARCLAYS BANK PLC

 

 

 

 

 

By:

/s/ Joseph Jordan

 

 

Name: Joseph Jordan

 

 

Title: Managing Director

 

[Signature Page to Amendment to Second Amended and Restated Commitment Letter]

 

--------------------------------------------------------------------------------

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

 

 

By:

/s/ Michael Stavrakos

 

Name: Michael Stavrakos

 

Title: Vice President

 

[Signature Page to Amendment to Second Amended and Restated Commitment Letter]

 

--------------------------------------------------------------------------------

 

 

HSBC SECURITIES (USA) INC.

 

 

 

 

 

By:

/s/ Richard Jackson

 

Name: Richard Jackson

 

Title: Managing Director

 

 

 

HSBC BANK USA, NATIONAL ASSOCIATION

 

 

 

 

 

By:

/s/ Robert Devir

 

Name: Robert Devir

 

Title: Managing Director

 

[Signature Page to Amendment to Second Amended and Restated Commitment Letter]

 

--------------------------------------------------------------------------------

 

 

PNC CAPITAL MARKETS LLC

 

 

 

 

 

By:

/s/ Brian D Prettyman

 

Name: Brian D Prettyman

 

Title: Managing Director

 

 

 

PNC BANK, NATIONAL ASSOCIATION

 

 

 

 

 

By:

/s/ Kevin Madigan

 

Name: Kevin Madigan

 

Title: SVP

 

[Signature Page to Amendment to Second Amended and Restated Commitment Letter]

 

--------------------------------------------------------------------------------

 

 

TD BANK, N.A.

 

 

 

 

 

By:

/s/ Cyntra Trani

 

Name: Cyntra Trani

 

Title: Senior Vice President

 

[Signature Page to Amendment to Second Amended and Restated Commitment Letter]

 

--------------------------------------------------------------------------------

 

 

U.S. BANK NATIONAL ASSOCIATION

 

 

 

 

 

By:

/s/ Carol Anderson

 

Name: Carol Anderson

 

Title: Vice President

 

[Signature Page to Amendment to Second Amended and Restated Commitment Letter]

 

--------------------------------------------------------------------------------

 

 

J.P. MORGAN SECURITIES LLC

 

 

 

 

 

By:

/s/ Uri Birkenfeld

 

Name: Uri Birkenfeld

 

Title: Executive Director

 

 

 

JPMORGAN CHASE BANK, N.A.

 

 

 

 

 

By:

/s/ Lauren Baker

 

Name: Lauren Baker

 

Title: Vice President

 

[Signature Page to Amendment to Second Amended and Restated Commitment Letter]

 

--------------------------------------------------------------------------------

 

Accepted and agreed to as of
the date first above written:

 

STAPLES, INC.

 

 

By:

/s/ Christine T. Komola

 

 

Name:

Christine T. Komola

 

Title:

Executive Vice President and Chief Financial Officer

 

[Signature Page to Amendment to Second Amended and Restated Commitment Letter]

 

--------------------------------------------------------------------------------