debt
confidence high
sentiment neutral
materiality 0.60
Deluxe prices $450M senior secured notes at 8.125%, upsized from $400M
DELUXE CORP
- Offering upsized to $450M from $400M; closing expected December 3, 2024.
- Notes bear interest at 8.125% per annum, due 2029.
- Proceeds with new credit facilities to refinance existing term A loan and revolver.
- New credit facilities: $500M term A loan and $400M revolver, due February 1, 2029.