secwatch.observer — SEC 8-K summary
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Issuer:     CPI Card Group Inc. (PMTS)
CIK:        0001641614
Form:       8-K
Filed at:   2024-07-11T23:59:59+00:00
Accession:  0001558370-24-009766
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641614/000155837024009766/0001558370-24-009766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641614/000155837024009766/pmts-20240711x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009766

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