Deluxe announced on November 19, 2024, the pricing of its senior secured notes offering. The aggregate principal amount was upsized from $400 million to $450 million.
The notes will mature in 2029 and will pay interest semi-annually at a rate of 8.125% per annum. This pricing establishes the cost of this new debt for the company.
The offering is expected to close on December 3, 2024, subject to customary closing conditions. This financing is a key step in managing the company's debt structure.
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