Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DELUXE CORP incurred credit facility of up to $80 million with MUFG Bank, Ltd. at 1-Month Term SOFR plus 0.10% maturing March 12, 2027.
- Instrument
- credit facility
- Principal
- up to $80 million
- Counterparty
- MUFG Bank, Ltd.
- Rate
- 1-Month Term SOFR plus 0.10%
- Maturity
- March 12, 2027
- Event
- incurrence
Exact text from the filing
entered into an accounts receivable financing facility (the “AR Facility”) of up to $80 million with MUFG Bank, Ltd., as administrative agent
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DELUXE CORP entered into RFA with MUFG Bank, Ltd. valued at $80 million (effective 2024-03-13).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- MUFG Bank, Ltd.
- Value
- $80 million
- Effective
- 2024-03-13
Exact text from the filing
On March 13, 2024 (the "Closing Date"), Deluxe Receivables LLC ("Borrower"), a special purpose company and wholly-owned subsidiary of Deluxe Corporation (the "Company"), a Minnesota corporation, entered into an accounts receivable financing facility (the "AR Facility") of up to $80 million with MUFG Bank, Ltd., as administrative agent (the "Administrative Agent") pursuant to a receivables financing agreement, dated as of the Closing Date (the "RFA"), among the Borrower, the Company, as servicer (the "Servicer"), the Administrative Agent and the group and agents and lenders party thereto.
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