debt
confidence high
sentiment neutral
materiality 0.50
Cimpress prices $525M of 7.375% senior notes due 2032 to refinance existing 2026 notes
CIMPRESS plc
- Offering of $525M aggregate principal of 7.375% senior notes due 2032 priced at 100% of par.
- Net proceeds, plus cash on hand, will fund redemption of all outstanding 7.0% Senior Notes due 2026.
- Closing expected September 26, 2024; concurrent credit agreement amendment to extend revolver maturity.
- Semi-annual interest payments; private placement to QIBs and non-U.S. persons.