---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-034573"
form_type: "8-K"
ticker: "DLX"
cik: "0000027996"
company_name: "DELUXE CORP"
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T21:49:01.967630+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Deluxe enters $80M receivables financing facility with MUFG; $43.3M drawn at close

## Summary
- Facility of up to $80M via Deluxe Receivables LLC, wholly-owned subsidiary of Deluxe Corporation.
- Initial draw of $43,312,500 on March 13, 2024; facility matures March 12, 2027.
- Borrowings bear interest at CP Rate or 1-Month Term SOFR+0.10% plus drawn fee of 1.40% and undrawn commitment fee.
- Borrower pledged receivables as collateral; Deluxe guarantees performance obligations but not borrowings.
- Also entered consent to amendment to existing credit agreement with JPMorgan Chase Bank, N.A.

## SEC filing metadata
- accession: 0001104659-24-034573
- form_type: 8-K
- ticker: DLX
- cik: 0000027996
- company_name: DELUXE CORP
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27996/000110465924034573/0001104659-24-034573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27996/000110465924034573/tm248837d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-034573
- JSON: https://secwatch.observer/filing/0001104659-24-034573.json
- Plain text: https://secwatch.observer/filing/0001104659-24-034573.txt

## Key facts
- Debt Financings
  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
  source text: entered into an accounts receivable financing facility (the “AR Facility”) of up to $80 million with MUFG Bank, Ltd., as administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/27996/000110465924034573/0001104659-24-034573-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/27996/000110465924034573/0001104659-24-034573-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.