Cimpress (Vistaprint Parent) Prices Offering of $275 Million in Senior Notes Due 2022
VENLO, THE NETHERLANDS—March 16, 2015—Cimpress has announced it has priced the previously announced private offering of $275 million in aggregate principal amount of 7 percent senior notes due 2022. The notes will pay interest on a semi-annual basis. The price to investors will be 100 percent of the principal amount of the notes. The issuance of the notes is expected to close on March 24, 2015, subject to customary closing conditions.
The company intends to use the net proceeds of this offering to repay outstanding indebtedness under an unsecured line of credit, to repay the indebtedness outstanding under our revolving credit facility and for general corporate purposes.
The notes have not been registered under the Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act, and other applicable securities laws. Within the United States, the notes will only be offered to investors who are “qualified institutional buyers,” as defined in Rule 144A under the Securities Act. Outside the United States, the notes will only be offered to investors who are persons other than “U.S. persons,” as defined in Rule 902 under the Securities Act, in offshore transactions in reliance upon Regulation S under the Securities Act.
This press release is neither an offer to sell nor the solicitation of an offer to buy the notes or any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.