secwatch.observer — SEC 8-K summary
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Issuer:     DELUXE CORP (DLX)
CIK:        0000027996
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001104659-24-034573
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27996/000110465924034573/0001104659-24-034573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27996/000110465924034573/tm248837d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-034573

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