Vistaprint Postpones Its $250M Senior Notes Offering Due to Volatile Debt Market Conditions
VENLO, THE NETHERLANDS—September 15, 2014—Vistaprint N.V., a leading online provider of professional marketing products and services to micro businesses and the home, has announced that due to current market conditions, it has postponed its planned private offering of $250 million in senior notes, which it had previously announced on September 8, 2014.
"While we are interested in adding to and diversifying our capital structure in order to maintain long-term flexibility, we can afford to be patient, as this offering was opportunistic in nature," said Ernst Teunissen, executive vice president and CFO. "Given current volatility in debt markets, we prefer to postpone our offering at this time. We will potentially revisit an offering in the future if market conditions become more favorable."
Vistaprint N.V. (Nasdaq: VPRT) empowers more than 16 million micro businesses and consumers annually with affordable, professional options to make an impression. With a unique business model supported by proprietary technologies, high-volume production facilities, and direct marketing expertise, Vistaprint offers a wide variety of products and services that micro businesses can use to expand their business. A global company, Vistaprint employs over 5,100 people, operates more than 30 localized Websites globally and ships to more than 130 countries around the world. Vistaprint’s broad range of products and services are easy to access online, 24 hours a day at www.vistaprint.com.
Source: Vistaprint N.V.