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Wells Fargo Leads $1.3 Billion in Financing for the Acquisition of Essendant

Wells Fargo Capital Finance closes a $1.3 billion deal with Staples Inc. Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE:WFC), announced today that it acted as administrative agent, lead arranger, and book runner for a $1.2 billion asset-based credit facility and a $125 million term loan facility in connection with the acquisition of Essendant (NASDAQ: ESND) by an affiliate of Sycamore Partners as supported by Staples Inc., which is also owned by affiliates of Sycamore Partners.

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