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Deluxe ( (DLX) ) just unveiled an update.
Deluxe Corporation, a trusted payments and data company, announced the pricing of $450 million senior secured notes due 2029, with an upsized offering from the initial $400 million. These notes, offering an 8.125% annual interest rate, aim to refinance existing credit facilities and cover transaction costs. The offering is tied to an amendment of the company’s current credit agreement to provide new senior secured credit facilities. This strategic move reflects Deluxe’s plans to bolster its financial structure amidst challenging economic conditions.
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