Cimpress plc Enters New Credit Agreement
Ticker: CMPR · Form: 8-K · Filed: Sep 30, 2024 · CIK: 1262976
Sentiment: neutral
Topics: financing, debt
TL;DR
Cimpress just signed a new credit deal, potentially boosting their cash flow.
AI Summary
On September 26, 2024, Cimpress plc entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the company. The filing details the terms and conditions of this new financial arrangement.
Why It Matters
This filing indicates Cimpress plc has secured new financing, which could impact its financial flexibility and future investment capabilities.
Risk Assessment
Risk Level: low — The filing reports on a standard financial agreement, not a significant negative event.
Key Players & Entities
- Cimpress plc (company) — Registrant
- September 26, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Cimpress plc enter into?
Cimpress plc entered into a credit agreement.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is September 26, 2024.
What is Cimpress plc's jurisdiction of incorporation?
Cimpress plc is incorporated in Ireland.
What is Cimpress plc's IRS number?
Cimpress plc's IRS number is 98-0417483.
What item information is being reported under the 8-K filing?
The filing reports on the Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, and Financial Statements and Exhibits.
Filing Stats: 1,842 words · 7 min read · ~6 pages · Grade level 12.1 · Accepted 2024-09-30 08:45:56
Key Financial Figures
- $366.0 million — amount equal to (A) the greater of (x) $366.0 million and (y) 100% of consolidated EBITDA for
- $525.0 million — ed its previously announced offering of $525.0 million in aggregate principal amount of 7.375%
Filing Documents
- d884904d8k.htm (8-K) — 37KB
- d884904dex41.htm (EX-4.1) — 826KB
- d884904dex101.htm (EX-10.1) — 1284KB
- g884904dsp21.jpg (GRAPHIC) — 3KB
- 0001193125-24-228494.txt ( ) — 2767KB
- cmpr-20240926.xsd (EX-101.SCH) — 3KB
- cmpr-20240926_lab.xml (EX-101.LAB) — 18KB
- cmpr-20240926_pre.xml (EX-101.PRE) — 11KB
- d884904d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 4.1 Senior Notes Indenture (including form of Notes), dated as of September 26, 2024, among Cimpress plc, certain subsidiaries of Cimpress plc as guarantors thereto, and U.S. Bank Trust Company, National Association, as trustee 10.1 Amendment No. 3, dated as of September 26, 2024, among Cimpress plc ("Cimpress"), Vistaprint Limited, Cimpress Schweiz GmbH, Vistaprint B.V., Vistaprint Netherlands B.V. and Cimpress USA Incorporated, as borrowers (the "Borrowers"); Cimpress' subsidiaries that guaranty the Borrowers' obligations; the financial institutions listed on the signature pages thereof; and JPMorgan Chase Bank, N.A., as administrative agent (the "Administrative Agent"), to the senior secured Credit Agreement dated as of October 21, 2011, as amended and restated as of February 8, 2013, as further amended and restated as of July 13, 2017, as further amended and restated as of May 17, 2021, as further amended effective as of July 1, 2023, and as further amended dated as of May 15, 2024, among the Borrowers, the lenders named therein as lenders, and the Administrative Agent 104 Cover Page Interactive Data File, formatted in iXBRL SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. September 30, 2024 Cimpress plc By: /s/ Sean E. Quinn Sean E. Quinn Executive Vice President and Chief Financial Officer