CPI Card Group Inc. (PMTS): debt financing — CPI Card Group increases ABL revolver to $100M; redeems $20M of 10% senior notes at 103

CPI Card Group Inc.

Revolver capacity raised from $75M to $100M via Amendment No. 1 with JPMorgan Chase.
Issued redemption notice for $20M of $285M 10.000% senior secured notes due 2029.
Redemption on July 15, 2025 at 103% of par plus accrued interest.
Amendment fee of undisclosed amount paid; conditions for effectiveness satisfied.
Redemption reduces high-cost debt; revolver increase provides additional liquidity.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CPI Card Group Inc. amended revolving credit of $100 million with JPMorgan Chase Bank, N.A..

Instrument: revolving credit
Principal: $100 million
Counterparty: JPMorgan Chase Bank, N.A.
Event: amendment

Exact text from the filing

The Amendment, among other things, increases the available borrowing capacity under the ABL Revolver to $100 million from $75 million.

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CPI Card Group Inc. filing history →

Source: SEC EDGAR

accession 0001558370-25-009106

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