OfficeMax Announces $650 Million Credit Facility

NAPERVILLE, Ill., Oct. 14, 2011 /PRNewswire/ -- OfficeMax® Incorporated (NYSE: OMX), a leader in office supplies, technology and services, today announced it has entered into a $650 million secured revolving credit facility with a term expiring in October 2016. This credit facility amends the existing $700 million U.S. and C$60 million Canadian credit facilities, which were scheduled to expire in July 2012, and consolidates them into a single North American credit facility. Seven financial institutions participated in the credit facility with Wells Fargo Capital Finance, LLC (an affiliate of Wells Fargo & Company (NYSE: WFC)), Merrill Lynch, Pierce Fenner & Smith Incorporated, and J.P. Morgan Securities LLC serving as joint lead arrangers. At present, there are no outstanding borrowings under the credit facility.

Further details regarding the credit facility agreement are contained in the Current Report on Form 8-K that the company filed with the Securities and Exchange Commission earlier today.

About OfficeMax

OfficeMax Incorporated (NYSE: OMX) is a leader in both business-to-business office products solutions and retail office products. The OfficeMax mission is simple. We help our customers do their best work. The company provides office supplies and paper, in-store print and document services through OfficeMax ImPress®, technology products and solutions, and furniture to businesses and individual consumers. OfficeMax customers are served by approximately 30,000 associates through direct sales, catalogs, e-commerce and nearly 1,000 stores. Since 2007, OfficeMax Goodworks programs have served communities and schools, contributing more than $14 million in grants and supplies to support teachers and classrooms. To find the nearest OfficeMax, call 1-877-OFFICEMAX. For more information, visit www.officemax.com.

All trademarks, service marks and trade names of OfficeMax Incorporated used herein are trademarks or registered trademarks of OfficeMax Incorporated. Any other product or company names mentioned herein are the trademarks of their respective owners.