debt
confidence high
sentiment neutral
materiality 0.65
Cimpress issues $525M 7.375% Senior Notes due 2032 and amends credit facility
CIMPRESS plc
- Issued $525M aggregate principal of 7.375% Senior Notes due September 15, 2032.
- Net proceeds plus cash on hand used to redeem all outstanding 7.0% Senior Notes due 2026.
- Amendment No. 3 extends revolving credit facility maturity from May 17, 2026 to September 26, 2029.
- SOFR margin range reduced from 2.50%-3.00% to 2.25%-3.00%; credit spread adjustment eliminated.
- Minimum commitment fee on unused balances decreased from 0.35% to 0.30%.