Deluxe (DLX) said Tuesday it completed a $450 million offering of its senior secured notes due 2029.
The company also amended its existing credit agreement, which now includes a $400 million revolving credit facility and a $500 million term A loan facility. It also extended the credit agreement's maturity to Feb. 1, 2029.
Net proceeds from the notes offering and borrowing from the credit facilities will be used to refinance the company's term A loan facility and revolving credit facility, as well as pay transaction fees and expenses.
Shares of the company declined over 2% in recent trading.
Price: 23.16, Change: -0.61, Percent Change: -2.57
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