CPI Card Group (NASDAQ: PMTS), a payments technology company, announced the closing of the private offering by CPI CG Inc., its wholly owned subsidiary, of $285 million aggregate principal amount of its 10.000% senior secured notes due 2029 and related guarantees. CPI CG used the net proceeds from the notes offering, combined with cash on hand, to redeem all of its outstanding 8.625% senior secured notes due 2026 and to pay related fees, premiums and expenses. In addition, CPI Card Group announced entry into a $75 million secured asset based revolving facility, which replaced its existing $75 million facility.
To view the full press release, visit https://ibn.fm/zSpSG
About CPI Card Group Inc.
CPI Card Group is a payments technology company providing a comprehensive range of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service (“SaaS”) instant issuance. With a focus on building personal relationships and earning trust, the company helps its customers navigate the constantly evolving world of payments, while delivering innovative solutions that spark connections and support their brands. CPI Card Group serves clients across industry, size, and scale through its team of experienced, dedicated employees and its network of high-security production and card services facilities – located in the United States. For more information about the company, visit www.cpicardgroup.com.
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
[email protected]
InvestorWire is powered by IBN