Deluxe Announces Pricing of Senior Secured Notes Offering
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Deluxe (NYSE: DLX) has announced the pricing of $450 million in senior secured notes due 2029, with an interest rate of 8.125% per annum. The offering was increased from $400 million to $450 million and is expected to close on December 3, 2024.
November 19, 2024 | 10:00 pm
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Deluxe has priced $450 million in senior secured notes due 2029, with an interest rate of 8.125%. The offering size was increased from $400 million, indicating strong demand.
The upsizing of the notes offering from $400 million to $450 million suggests strong investor demand, which is a positive signal for Deluxe's financial health and market confidence. The interest rate of 8.125% is competitive, and the successful pricing of these notes could improve the company's liquidity and financial flexibility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100