Item 1.01. Entry into a Material Definitive Agreement

On December 23, 2008, Staples, Inc. ("Staples") informed its lenders that, effective December 29, 2008, it was voluntarily reducing the total commitment amount from $3.0 billion to $2.75 billion under its existing Credit Agreement, dated April 1, 2008, by and among Staples, Barclays Bank PLC and the other lenders listed therein. The credit agreement was entered into in connection with financing the acquisition of Corporate Express N.V. and backstops Staples' commercial paper program. The letter sent to reduce the total commitment is filed as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

See Exhibit Index attached hereto.

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