Deluxe launches $200 million eight-year notes via JP Morgan, Wachovia

By Paul A. Harris

St. Louis, April 30 - Deluxe Corp. will begin a roadshow on Wednesday for its $200 million offering of eight-year senior notes (existing ratings Ba2/BB), according to an informed source.

The roadshow is set to conclude on May 9.

JP Morgan and Wachovia Securities are joint bookrunners for the Rule 144A and Regulation S offering. BNY Capital Markets, Bank One Tokyo Mitsubishi, Lehman Brothers, NatCity Investments and BNP Paribas are co-managers.

The notes come with four years of call protection.

Proceeds, in addition to cash on hand, will be used to repay the company's credit facility, for general corporate purposes and to repay its outstanding 3½% notes upon maturity on Oct. 1, 2007.

Deluxe is a St. Paul, Minn., services provider to businesses.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.