2008-09-26 23:45:04 -

www.officedepot.com - Office Depot, Inc. (NYSE:ODP), a leading global provider of office products and services, announced today that it has entered into a new $1.25 billion asset-based credit facility. The facility will be secured by the Company's inventory, accounts receivable, cash and depository accounts, and will replace the current $1.0 billion revolving credit agreement.

For further information, please refer to an 8-K filed by Office Depot with the Securities and Exchange Commission today.

Office Depot has a quiet period policy from its quarter end until earnings are released, during which it cannot have discussions with the investment community. This period commences today.

About Office Depot

Every day, Office Depot is Taking Care of Business for millions

of customers around the globe. For the local corner store as well as Fortune 500 companies, Office Depot provides products and services to its customers through 1,680 worldwide retail stores, a dedicated sales force, top-rated catalogs and a $5.0 billion e-commerce operation. Office Depot has annual sales of approximately $15.4 billion, and employs about 49,000 associates around the world. The Company provides more office products and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 44 countries.

Office Depot's common stock is listed on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index. Additional press information can be found at: mediarelations.officedepot.com.

Office Depot, Inc., Delray Beach
Brian Turcotte, Investor Relations, 561-438-3657
Brian.Turcotte@officedepot.com
or
Brian Levine, Public Relations, 561-438-2895
Brian.Levine@officedepot.com