secwatch.observer — SEC 8-K summary
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Issuer:     CPI Card Group Inc. (PMTS)
CIK:        0001641614
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001104659-24-075282
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPI Card Group prices $285M of 10% senior secured notes due 2029 to refinance 2026 notes
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- Issuer CPI CG Inc. priced $285M aggregate principal of 10.000% senior secured notes due 2029.
- Net proceeds plus cash on hand to redeem all outstanding 8.625% senior secured notes due 2026.
- Redemption of 2026 notes at 102.156% of principal plus accrued interest on July 11, 2024.
- Notes are senior secured, guaranteed by CPI and domestic subs, secured by substantially all assets.
- Offering expected to close July 11, 2024, subject to customary closing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641614/000110465924075282/0001104659-24-075282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641614/000110465924075282/tm2418372d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-075282

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