CPI Card to repay credit facility with note proceeds, revolver, cash

By Taylor Fox

New York, Feb. 25 – CPI Card Group Inc. plans to fully repay and terminate its existing credit facility using proceeds from its private offering of $310 million senior notes due 2026, cash on hand and initial borrowings under a $50 million revolving credit facility, according to a news release.

CPI will also pay related fees and expenses.

CPI Card Group is a Littleton, Colo.-based provider of payment solutions, including card production, card personalization, mobile technologies and fulfillment services.

© 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.