Deluxe Announces Closing of Senior Secured Notes Offering and Amended and Restated Credit Agreement
Deluxe (NYSE: DLX), a Trusted Payments and Data company, announced the completion of a $450 million senior secured notes offering due 2029, with an interest rate of 8.125% per annum. The Notes were sold to qualified institutional buyers and certain non-U.S. persons under specific regulations. Additionally, Deluxe closed an amendment and restatement of its existing credit agreement, introducing new senior secured credit facilities that include a $400 million revolving credit facility and a $500 million term A loan facility, both maturing on February 1, 2029. The proceeds from the Notes and new credit facilities were used to refinance existing loans and cover transaction fees and expenses. The Notes and related guarantees are not registered under U.S. securities laws and cannot be sold in the U.S. without proper registration or exemptions.
Deluxe (NYSE: DLX), un'azienda fidata nel settore dei pagamenti e dei dati, ha annunciato il completamento di un'offerta di note senior garantite da 450 milioni di dollari con scadenza nel 2029, e un tasso d'interesse dell'8,125% annuo. Le note sono state vendute a compratori istituzionali qualificati e a determinate persone non statunitensi secondo regolamenti specifici. Inoltre, Deluxe ha concluso un'emendamento e una rifusione del proprio accordo di credito esistente, introducendo nuove linee di credito senior garantite che comprendono una linea di credito rotativa di 400 milioni di dollari e un prestito a termine A di 500 milioni di dollari, entrambi con scadenza il 1 febbraio 2029. I proventi delle note e delle nuove strutture di credito sono stati utilizzati per rifinanziare prestiti esistenti e coprire spese e costi di transazione. Le note e le garanzie correlate non sono registrate ai sensi delle leggi sui titoli statunitensi e non possono essere vendute negli Stati Uniti senza una registrazione adeguata o esenzioni.
Deluxe (NYSE: DLX), una empresa confiable de pagos y datos, anunció la finalización de una oferta de notas garantizadas senior de 450 millones de dólares con vencimiento en 2029, y una tasa de interés del 8.125% anual. Las notas fueron vendidas a compradores institucionales calificados y a ciertas personas no estadounidenses bajo regulaciones específicas. Además, Deluxe cerró una enmienda y una reestructuración de su acuerdo de crédito existente, introduciendo nuevas instalaciones de crédito garantizadas senior que incluyen una línea de crédito revolvente de 400 millones de dólares y un préstamo a plazo A de 500 millones de dólares, ambos con vencimiento el 1 de febrero de 2029. Los ingresos de las notas y las nuevas instalaciones de crédito se utilizaron para refinanciar préstamos existentes y cubrir tarifas y gastos de transacción. Las notas y las garantías relacionadas no están registradas bajo las leyes de valores de EE. UU. y no se pueden vender en EE. UU. sin el registro adecuado o exenciones.
델룩스(NYSE: DLX)는 신뢰받는 결제 및 데이터 회사로서 2029년 만기, 연 8.125%의 금리가 적용된 4억 5천만 달러 규모의 선순위 담보 노트 발행 완료를 발표했습니다. 이 노트는 특정 규정에 따라 자격을 갖춘 기관 투자자와 일부 비미국인에게 판매되었습니다. 델룩스는 또한 기존 신용 계약의 수정 및 재정립을 완료하며, 4억 달러 규모의 회전 신용 시설과 5억 달러 규모의 A형 대출 시설을 포함하는 새로운 선순위 담보 신용 시설을 도입했습니다. 두 시설 모두 2029년 2월 1일 만기입니다. 노트와 새로운 신용 시설의 수익금은 기존 대출을 재융자하고 거래 수수료 및 비용을 충당하는 데 사용되었습니다. 노트 및 관련 보증은 미국 증권법에 따라 등록되지 않았으며 적절한 등록이나 면제 없이 미국에서 판매할 수 없습니다.
Deluxe (NYSE: DLX), une entreprise de paiement et de données de confiance, a annoncé l'achèvement d'une offre de billets senior garantis de 450 millions de dollars, échue en 2029, avec un taux d'intérêt de 8,125 % par an. Les billets ont été vendus à des acheteurs institutionnels qualifiés et à certaines personnes non américaines selon des réglementations spécifiques. De plus, Deluxe a finalisé une modification et un réaménagement de son accord de crédit existant, introduisant de nouvelles facilités de crédit senior garanties qui comprennent une facilité de crédit renouvelable de 400 millions de dollars et une facilité de prêt à terme A de 500 millions de dollars, toutes deux échues le 1er février 2029. Les produits des billets et des nouvelles facilités de crédit ont été utilisés pour refinancer des prêts existants et couvrir les frais et dépenses de transaction. Les billets et les garanties associées ne sont pas enregistrés en vertu des lois sur les valeurs mobilières des États-Unis et ne peuvent pas être vendus aux États-Unis sans une inscription appropriée ou des exemptions.
Deluxe (NYSE: DLX), ein vertrauenswürdiges Unternehmen für Zahlungen und Daten, hat den Abschluss einer Emission von gesicherten Senior-Anleihen über 450 Millionen USD bekannt gegeben, die 2029 fällig werden, mit einem Zinssatz von 8,125% pro Jahr. Die Anleihen wurden an qualifizierte institutionelle Käufer und bestimmte Personen außerhalb der USA gemäß spezifischen Vorschriften verkauft. Darüber hinaus hat Deluxe eine Änderung und Neufassung seines bestehenden Kreditvertrags abgeschlossen und neue gesicherte Kreditlinien eingeführt, die eine revolvierende Kreditlinie über 400 Millionen USD und eine Term A-Darlehenseinrichtung über 500 Millionen USD umfassen, die beide am 1. Februar 2029 fällig werden. Die Erlöse aus den Anleihen und neuen Kreditlinien wurden verwendet, um bestehende Darlehen zu refinanzieren und Transaktionsgebühren und -kosten zu decken. Die Anleihen und die entsprechenden Garantien sind nicht gemäß den US-Wertpapiergesetzen registriert und dürfen ohne ordnungsgemäße Registrierung oder Ausnahmen nicht in den USA verkauft werden.
- $450 million raised through senior secured notes offering.
- New credit facilities: $400 million revolving credit and $500 million term A loan.
- Extended maturity of credit facilities to February 1, 2029.
- 8.125% per annum interest rate on the Notes indicates a high cost of borrowing.
Insights
This significant debt refinancing marks a important financial restructuring for Deluxe. The new
The structure includes two key components: a
The Company also announced today the closing of an amendment and restatement of the Company’s existing credit agreement to provide for new senior secured credit facilities consisting of a revolving credit facility in an aggregate committed amount of
The Company used the net proceeds from the Notes offering, together with borrowings under the new senior secured credit facilities, to (i) refinance its term A loan facility and its revolving credit facility and (ii) pay transaction fees and expenses.
The Notes and the related guarantees will not be, and have not been, registered under the Securities Act or any state securities laws and may not be offered or sold in
About Deluxe
Deluxe, a Trusted Payments and Data company, champions business so communities thrive. Our solutions help businesses pay, get paid, and grow. For more than 100 years, Deluxe customers have relied on our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions and hundreds of the world’s largest consumer brands, while processing more than
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Brian Anderson, VP, Strategy & Investor Relations
651-447-4197
brian.anderson@deluxe.com
Keith Negrin, VP, Communications
612-669-1459
keith.negrin@deluxe.com
Source: Deluxe Corporation
FAQ
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How much did Deluxe raise through the senior secured notes offering?
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