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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
June 5, 1998
Date of Report (Date of earliest event reported)
U.S. OFFICE PRODUCTS COMPANY
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Delaware 000-25372 52-1906050
(State of other jurisdiction of (Commission File Number) (IRS Employer Identification No.)
incorporation)
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1025 Thomas Jefferson Street, N.W., Suite 600 East, Washington, D.C. 20007
(Address of principal executive offices, including Zip Code)
(202) 339-6700
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On June 5, 1998, U.S. Office Products Company agreed to sell $400 million
aggregate principal amount of Senior Subordinated Notes due 2008 (the "Note")
in a private placement. The Notes will be issued pursuant to an indenture
dated June 10, 1998 between U.S. Office Products Company and State Street Bank
and Trust Company, as trustee. The press release announcing this transaction
is attached as Exhibit 99.1.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit Description
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99.1 Press Release dated June 5, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
U.S. OFFICE PRODUCTS COMPANY
(Registrant)
By: /s/ Mark D. Director
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Mark D. Director
Executive Vice President--
Administration,
General Counsel and Secretary
DATED: June 16, 1998
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INDEX TO EXHIBITS
EXHIBIT
NO. EXHIBIT
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99.1 Press Release issued June 5, 1998
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U.S. OFFICE PRODUCTS COMPANY
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For immediate release-June 5, 1998 Release No. 98-019
U.S. OFFICE PRODUCTS COMPANY Contact: Donald H. Platt
(NASDAQ - "OFIS") U.S. Office Products
(202) 339-6700 or (800) 330-6347
or Edelman Financial
Silvia Rosselli (Media)
(212) 704-8217
U.S. OFFICE PRODUCTS SELLS
$400 MILLION IN SENIOR SUBORDINATED NOTES
Washington, D.C., June 5, 1998 - U.S. Office Products Company (NASDAQ: OFIS)
announced today that it has agreed to sell $400 million aggregate principal
amount of Senior Subordinated Notes due 2008 (the "Notes") in a private
placement. The Notes will bear interest payable semi-annually, at a rate of
9.75% and will mature on June 15, 2008. The Notes will be callable beginning
June 15, 2003. The Notes will be unsecured obligations of U.S. Office
Products Company ("USOP"), subordinated to all present and future senior
indebtedness of USOP and will be guaranteed by USOP's domestic subsidiaries.
The sale of the Notes is expected to be completed on June 10, 1998. The Notes
are part of a series of financing transactions that USOP is making in
connection with its previously announced strategic plan.
The Notes have not been registered under the Securities Act of 1933, as
amended, or any state securities laws and may not be offered or sold in the
United States or any state thereof absent registration or an applicable
exemption from registration requirements. The Notes were offered in the
United States only to qualified institutional buyers under Rule 144A and
certain institutional accredited investors and outside the United States to
certain persons in reliance upon Regulation S under the Securities Act.
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