Cimpress (CMPR) Prelim. Q3 Revenue Tops Views, Announces Debt Transaction
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Cimpress Announces Debt Transaction and Provides Preliminary Third Quarter Fiscal Year 2021 Financial Results
April 14, 2021 4:15 PM EDTDUNDALK, Ireland--(BUSINESS WIRE)-- Cimpress plc (Nasdaq: CMPR) announced plans today to raise a senior secured Term Loan B of approximately $1.15 billion to repay existing secured debt and bring liquidity onto the balance sheet. The company is providing third quarter fiscal year 2021 preliminary results to facilitate marketing the transaction.
The secured Term Loan B is expected to consist of a $795 million USD tranche and a 300 million EUR tranche, both due 2028. Cimpress plans to use the new debt to redeem all of its 12% second lien notes due 2025, repay amounts drawn under its... More
