An announcement from CPI Card Group (PMTS) is now available.
CPI Card Group Inc. and its subsidiaries are in talks to refinance or extend their asset-based credit facility, though success depends on market conditions. Additionally, the company announced a private offering of $285 million in senior secured notes due 2029 to repay existing debts and cover related costs. These notes are targeted at qualified institutional buyers and certain non-U.S. individuals, adhering to specific securities regulations, and will not be publicly registered in the U.S. Offering details will be provided in a private memorandum and are subject to legal compliance.
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