---
schema_version: "secwatch.filing_event.v1"
accession: "0001262976-24-000044"
form_type: "8-K"
ticker: "CMPR"
cik: "0001262976"
company_name: "CIMPRESS plc"
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T14:36:27.129845+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cimpress refinances Term Loan B, reduces margin 50 bps, expects $6M annual interest savings

## Summary
- Refinanced $773M USD Tranche and prepaid €245M of Euro Tranche via new $1.0375B USD Tranche.
- Interest margin cut from SOFR+3.50% to SOFR+3.00%; credit spread adjustment eliminated.
- Post-refinancing: USD Tranche $1,037,498,125; Euro Tranche €46,403,712; maturity May 17, 2028 unchanged.
- Annualized cash interest expense expected to fall by approximately $6 million.
- No other material changes to Credit Agreement or Term Loan B terms.

## SEC filing metadata
- accession: 0001262976-24-000044
- form_type: 8-K
- ticker: CMPR
- cik: 0001262976
- company_name: CIMPRESS plc
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262976/000126297624000044/0001262976-24-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262976/000126297624000044/cmpr-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262976-24-000044
- JSON: https://secwatch.observer/filing/0001262976-24-000044.json
- Plain text: https://secwatch.observer/filing/0001262976-24-000044.txt

## Key facts
- Debt Financings
  CIMPRESS plc amended credit facility with JPMorgan Chase Bank N.A. at SOFR plus 3.00% maturing May 17, 2028.
  - Instrument: credit facility
  - Counterparty: JPMorgan Chase Bank N.A.
  - Rate: SOFR plus 3.00%
  - Maturity: May 17, 2028
  - Event: amendment
  source text: Amendment 2 reduced the interest rate margin of the USD Tranche by 50 basis points, from SOFR plus 3.50% to SOFR plus 3.00%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262976/000126297624000044/0001262976-24-000044-index.htm
- Material Agreements
  CIMPRESS plc amended Amendment No. 2 with JPMorgan Chase Bank N.A., as administrative agent for the lenders (effective 2024-05-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank N.A., as administrative agent for the lenders
  - Effective: 2024-05-15
  source text: On May 15, 2024, Cimpress plc (“Cimpress”) entered into Amendment No. 2 among Cimpress and five of its subsidiaries, Vistaprint Limited, Cimpress Schweiz GmbH, Vistaprint B.V., Vistaprint Netherlands B.V., and Cimpress USA Incorporated, as borrowers (collectively, the “Borrowers”); Cimpress' subsidiaries that guaranty the Borrowers' obligations; the financial institutions listed on the signature pages thereof; and JPMorgan Chase Bank N.A., as administrative agent for the lenders (the “Administrative Agent”) (“Amendment 2”), which amends the senior secured Credit Agreement dated as of October 21, 2011, as amended and restated as of February 8, 2013, as further amended and restated as of July 13, 2017, as further amended and restated as of May 17, 2021, and as previously amended among the Borrowers, the lenders named therein as lenders, and the Administrative Agent (the "Credit Agreement").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262976/000126297624000044/0001262976-24-000044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.