Deluxe plans drawdown, short-term loan issue to fund notes redemption

By Susanna Moon

Chicago, Jan. 22 – Deluxe Corp. said it plans to redeem some notes, financed with the company’s credit facility and the issue of a short-term bank loan.

The company plans to redeem its $200 million of 7% senior notes due 2019, which are callable on March 15, according to the company’s financial results for the fourth quarter ended Dec. 31.

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

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