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Cimpress ( (CMPR) ) just unveiled an update.
Cimpress plc has announced a private offering of $525 million senior notes due 2032, alongside plans to amend its existing credit agreement to extend the revolving credit facility’s maturity and adjust the interest rate. The proceeds from the offering, supplemented by cash on hand, will redeem existing 7.0% Senior Notes due 2026 and cover transaction-related fees and expenses. This strategic financial move seeks to optimize the company’s debt profile without linking the completion of the offering to the credit agreement amendment.
Learn more about CMPR stock on TipRanks’ Stock Analysis page.
