CPI Card Group Files 8-K Report

TL;DR

CPI Card Group filed an 8-K on 6/27 for events on 6/26. Standard reporting.

AI Summary

On June 26, 2024, CPI Card Group Inc. filed an 8-K report detailing other events and financial statements. The filing was made on June 27, 2024, and pertains to the company's operations as of June 26, 2024. The report includes information on the company's principal executive offices located in Littleton, Colorado.

Why It Matters

This 8-K filing provides an update on CPI Card Group Inc.'s corporate events and financial reporting, which is important for investors to monitor the company's status.

Risk Assessment

Risk Level: low — This filing is a routine 8-K report and does not appear to contain any significant new risks or material adverse information.

Key Players & Entities

• CPI Card Group Inc. (company) — Registrant
• June 26, 2024 (date) — Date of earliest event reported
• June 27, 2024 (date) — Filing date
• Littleton, CO (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value PMTS Nasdaq Global Market
• $285 million — sidiary, CPI CG Inc. (the "Issuer"), of $285 million aggregate principal amount of 10.000% s

Filing Documents

• tm2418372d1_8k.htm (8-K) — 30KB
• tm2418372d1_ex99-1.htm (EX-99.1) — 16KB
• tm2418372d1_ex99-1img001.jpg (GRAPHIC) — 11KB
• 0001104659-24-075282.txt ( ) — 239KB
• pmts-20240626.xsd (EX-101.SCH) — 3KB
• pmts-20240626_lab.xml (EX-101.LAB) — 33KB
• pmts-20240626_pre.xml (EX-101.PRE) — 22KB
• tm2418372d1_8k_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On June 26, 2024, CPI Card Group Inc. (the "Company") issued a press release, made pursuant to Rule 135c promulgated under the Securities Act of 1933, as amended (the "Securities Act"), announcing the pricing of its previously announced private offering by its wholly-owned subsidiary, CPI CG Inc. (the "Issuer"), of $285 million aggregate principal amount of 10.000% senior secured notes due 2029 (the "Notes"). A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein. The Issuer intends to use the net proceeds from the offering, together with cash on hand, to redeem all of Issuer's outstanding 8.625% senior secured notes due 2026 (the "2026 Notes") and to pay related fees, premiums and expenses. On June 27, 2024, the Company issued a Conditional Notice of Full Redemption (the "Redemption") for any and all of the 2026 Notes outstanding July 11, 2024 (the "Redemption Date"), at a redemption price equal to 102.156% of the principal amount of the 2026 Notes, plus any accrued and unpaid interest to, but excluding, the Redemption Date. The Redemption is contingent upon the issuance by the Company of the Notes and the receipt by the Company of the net cash proceeds therefrom. Nothing in this Current Report shall constitute a notice of redemption to the holders of the 2026 Notes or an offer to redeem or repurchase any of the 2026 Notes. Any such notice will only be made in accordance with the provisions of the indenture governing the 2026 Notes. The Notes and related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act, or outside the United States to certain non-U.S. persons in compliance with Regulation S under the Securities Act. The issuance and sale of the Notes and related guarantees have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisd

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 CPI Card Group, Inc. press release dated June 26, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CPI CARD GROUP, INC. Date: June 27, 2024 By: /s/ Jessica Browne Name: Jessica Browne Title: Acting Chief Legal and Compliance Officer

View Full Filing

View this 8-K filing on SEC EDGAR