(RTTNews) - Deluxe Corp. (DLX), a payments and data company, announced on Monday that it will be offering $400 million of Senior Secured Notes due 2029 in a private placement.
The company intends to use the net proceeds from the offering, together with borrowings under its new senior secured credit facilities, to refinance its term A loan facility and its revolving credit facility, and to pay transaction fees and expenses.
DLX was up by 5 percent at $24.37 in the pre-market trade on the New York Stock Exchange.
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