Cimpress Completes $525 Million Senior Notes Offering and Amendment to its Credit Agreement
10.02.24
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The Firm represented Cimpress plc in connection with its offering of $525 million aggregate principal amount of 7.375% Senior Notes due 2032 (the “Notes”) in a transaction exempt from registration under Rule 144A and Regulation S. In addition, the Firm represented Cimpress in connection with an amendment to its existing credit agreement (the “Credit Agreement Amendment”).
Cimpress used the proceeds of the offering, together with cash on hand, to fund the redemption of all of its 7.0% Senior Notes due 2026 (the “Redemption”) and to pay all fees and expenses related to the offering, the Redemption and the Credit Agreement Amendment. The transaction closed on September 26, 2024.
Cimpress invests in and builds customer-focused, entrepreneurial, print mass-customization businesses for the long term. Cimpress businesses include BuildASign, Drukwerkdeal, Exaprint, National Pen, Packstyle, Pixartprinting, Printi, VistaPrint, and WIRmachenDRUCK.
The Simpson Thacher team for this transaction included John O’Connell, Patrick Baron, Traci Biedermann, Nate Yang and Leandra Kede Yomo (Capital Markets); Christopher Brown, Benjamin Persina and Tina Zheng (Banking and Credit); Jonathan Cantor and Benjamin Bressler (Tax); Chandler Gerard-Reimer (Intellectual Property); and Pasco Struhs (Executive Compensation and Employee Benefits).