debt
confidence high
sentiment neutral
materiality 0.70
Deluxe announces $400M senior secured notes offering to refinance existing debt
DELUXE CORP
- Offering $400M aggregate principal amount of senior secured notes due 2029 in private placement.
- Net proceeds, with new credit facilities, to refinance existing term A loan and revolving credit facility.
- New credit facilities: $400M revolver and $500M term A loan, subject to amendment and restatement.
- Notes offering conditioned on closing of amended credit agreement; fees and expenses to be paid.