CPI Card Group Inc. announced the closing of the previously announced private offering by its wholly-owned subsidiary, CPI CG Inc. (the "issuer"), of $285 million aggregate principal amount of its 10.000% senior secured notes due 2029 (the "notes") and related guarantees. Concurrently with the issuance of the notes, the Company entered into a $75 million secured asset based revolving credit facility (the "ABL revolver"), which replaced its existing $75 million facility. The issuer used the net proceeds from the notes offering, together with cash on hand, to redeem all of the issuer's outstanding 8.625% senior secured notes due 2026 (the "2026 notes") and to pay related fees, premiums and expenses.
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5-day change | 1st Jan Change | ||
28.18 USD | +1.11% |
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+6.26% | +46.85% |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+46.85% | 310M | |
+5.56% | 53.11B | |
-2.76% | 8.44B | |
-3.74% | 516M | |
+20.08% | 505M | |
+8.26% | 314M | |
0.00% | 174M |
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- Cpi Card Group Inc. Announces Closing of Private Offering of $285 Million of Senior Secured Notes and Entry into New $75 Million ABL Revolver