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Deluxe raises credit facility to $525 million for Datamyx acquisition
By Wendy Van Sickle
Columbus, Ohio, Oct. 27 – Deluxe Corp. exercised its option to increase its existing credit facility to $525 million this month, according to its 10-Q filed with the Securities and Exchange Commission for the quarter ended Sept. 30.
The increase was in conjunction with the company’s Oct. 16 acquisition of Datamyx LLC. As of that date, $428 million was drawn under the company’s expanded credit facility.
Deluxe provides checks and business services for small businesses and financial institutions and is based in Shoreview, Minn.
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