Cimpress Successfully Completes Repricing of Term Loan B and Lowers its Cost of Capital
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Cimpress plc has successfully repriced its $1,032 million USD tranche of its senior secured Term Loan B, reducing its cost of capital. The company also increased the USD tranche by $49 million to prepay its €46 million Euro tranche.
December 11, 2024 | 6:45 pm
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Cimpress has successfully repriced its Term Loan B, reducing its cost of capital and increasing its USD tranche to prepay its Euro tranche.
The successful repricing of the Term Loan B reduces Cimpress' cost of capital, which is a positive financial development. Additionally, the upsizing of the USD tranche to prepay the Euro tranche indicates effective financial management, likely to be viewed favorably by investors.
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