Deluxe plans to price $500 million senior notes due 2029

By Rebecca Melvin

Concord, N.H., May 17 – Deluxe Corp. plans to offer $500 million of senior notes due 2029, according to a company news release.

The notes will be offered under Rule 144A and Regulation S.

The proceeds of the notes are expected to be used together with cash on hand and borrowings under the company’s new senior secured credit facilities to acquire FAPS Holdings Inc. and to fully repay and terminate outstanding revolving credit commitments under its existing credit facility, as well as to pay related fees and expenses.

The new notes offering is not contingent on the consummation of the acquisition, however.

Deluxe provides checks and business services for small businesses and financial institutions and is based in Shoreview, Minn.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.