Corporate Express Press Releases - 1998

Corporate Express (ticker: CEXP, exchange: NASDAQ) News Release - Monday, December 21, 1998 Corporate Express Subsidiary Completes Exchange Offer for 9 5/8% Senior Subordinated Notes Due 2008

BROOMFIELD, Colo., Dec. 21 /PRNewswire/ -- Corporate Express, Inc. (Nasdaq: CEXP), a leading supplier of goods and services to corporations that value innovative procurement solutions, today announced that CEX Holdings, Inc., its wholly-owned subsidiary, has accepted for exchange $350,000,000 principal amount of its 9 5/8% Series A Senior Subordinated Notes due 2008 for a like principal amount of its 9 5/8% Series B Senior Subordinated Notes due 2008. The exchange offer expired on December 15, 1998. Corporate Express operates in more than 600 worldwide locations, including more than 90 distribution centers, utilizes a fleet of more than 10,000 delivery vehicles, and employs more than 25,000 people in the United States, Canada, the United Kingdom, Ireland, Germany, Switzerland, France, Italy, Australia, and New Zealand.