CPI completes $285M private offering of 10.000% senior secured notes due 2029

CPI Card Group Inc.

Issued $285M in 10.000% senior secured notes due July 15, 2029 by subsidiary CPI CG Inc.
Net proceeds used to redeem all outstanding 8.625% senior secured notes due 2026.
Entered new $75M asset-based revolving credit facility (ABL revolver) replacing prior $75M facility.
Notes and guarantees are senior secured obligations, secured by substantially all assets of issuer and guarantors.
Notes offered in private transaction under Rule 144A and Regulation S; no registration rights.

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