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Cimpress PLC (NASDAQ: CMPR) is a global leader in mass customization, enabling the production of personalized products with remarkable ease, quality, and affordability. Leveraging cutting-edge technology, advanced production techniques, and a robust supply chain, Cimpress offers a wide range of customizable products, including apparel, marketing materials, and photo products.
Founded over 20 years ago by Robert Keane in Paris, Cimpress has grown into a $1.5 billion revenue company, serving millions of customers in over 30 countries. The company operates through a diverse portfolio of 18 brands, such as Vistaprint, Albelli, Drukwerkdeal, Pixartprinting, and Exaprint, catering to consumers, small businesses, graphic designers, and print resellers.
Cimpress' business is segmented into five main areas: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. The Vista segment is the largest revenue generator, reflecting the brand's strong market presence and customer base.
With a commitment to innovation and customer satisfaction, Cimpress continuously invests in its entrepreneurial ventures and mass-customization capabilities. The company's focus on long-term growth and value creation is evident through its strategic partnerships, continuous improvement in production efficiency, and expansion into new markets.
Cimpress (Nasdaq: CMPR) has successfully repriced its $773 million USD Term Loan B (TLB) and increased it by $264 million, bringing the total to $1,037 million. The company used the additional funds to prepay most of its Euro TLB tranche, reducing it to €46 million. Cimpress executed a cross-currency swap to retain the lower base rate and currency mix of the Euro TLB tranche. These actions are expected to reduce annual cash interest expenses by approximately $6 million. The interest rate margin on the USD TLB tranche was lowered by 50 basis points to SOFR plus 3.00%, and the credit spread adjustment was removed. The Euro TLB tranche's interest rate remains unchanged at EURIBOR plus 3.50%. The maturity date for both tranches remains May 17, 2028.
Cimpress plc (Nasdaq: CMPR) will participate in the 19th Annual Needham Technology, Media, & Consumer Conference on May 15th in New York, NY. Meredith Burns, Vice President of Investor Relations and Sustainability, will present at 8:45am ET. The presentation will be webcast and available for replay for 90 days on the Cimpress Investor Relations website.
Cimpress plc (Nasdaq: CMPR) has released its financial results for the third quarter of fiscal year 2024, available on its investor relations website. The company will hold a Q&A session on May 2, 2024, and investors can submit questions in advance.
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