Cimpress announced the pricing and allocation of a 7-year $1.1 billion senior secured Term Loan B that will mature in 2033.
The company said the Term Loan B will bear interest at SOFR, with a SOFR floor of 0.00%, plus 2.50%, and will be offered at 99.75% of par, representing an original issue discount of 0.25%. Cimpress is also extending the tenor of its $250 million secured revolving credit facility, which will now mature in 2031.
According to the company, proceeds from the new Term Loan B will be used to refinance its existing $1.065 billion Term Loan B due in 2028, along with supporting general corporate purposes. Cimpress expects the transaction to close by early June 2026 and noted that the refinancing is expected to be approximately net leverage neutral on a pro-forma basis.
Founded in 1995, Cimpress operates a portfolio of mass customization and print brands serving businesses globally. Its brands include VistaPrint, WIRmachenDRUCK, Pixartprinting, Pens.com, BuildASign, druck.at, Drukwerkdeal, easyflyer, Exaprint, Packstyle, Printi, Tradeprint, and BoxUp.
