Cimpress Plc Stock Price, News & Analysis

Cimpress plc (Nasdaq: CMPR) has successfully completed its private offering of $525 million in aggregate principal amount of 7.375% senior notes due 2032. The notes will pay interest semi-annually. Concurrently, Cimpress amended its existing credit agreement to extend the maturity of its revolving credit facility and adjust the applicable interest rate.

The net proceeds from the offering, along with cash on hand, were used to redeem all of Cimpress's 7.0% Senior Notes due 2026 and cover all fees and expenses related to the offering and credit agreement amendment. The notes have not been registered under the Securities Act of 1933 and are subject to specific offering restrictions within and outside the United States.

Cimpress plc (Nasdaq: CMPR) has priced a private offering of $525 million in 7.375% senior notes due 2032. The notes, priced at 100% of principal, will pay interest semi-annually. The offering is expected to close on September 26, 2024, subject to customary conditions. Concurrently, Cimpress plans to amend its existing credit agreement to extend the maturity of its revolving credit facility and adjust the applicable interest rate.

The company intends to use the net proceeds, along with cash on hand, to redeem all existing 7.0% Senior Notes due 2026 and cover related fees and expenses. The notes are not registered under the Securities Act and will be offered only to qualified institutional buyers in the U.S. and non-U.S. persons in offshore transactions.

Cimpress plc (Nasdaq: CMPR) has announced a private offering of $525 million in senior notes due 2032. The company plans to use the net proceeds, along with cash on hand, to redeem all existing 7.0% Senior Notes due 2026 and cover related fees and expenses. Concurrently, Cimpress intends to amend its existing credit agreement to extend the maturity of its revolving credit facility and adjust the applicable interest rate.

The transaction is expected to be leverage neutral, aside from covering transaction fees. The notes will only be offered to qualified institutional buyers in the U.S. and non-U.S. persons in offshore transactions. The offering and credit agreement amendment are not contingent upon each other's completion.

Cimpress plc (Nasdaq: CMPR) has announced its 2024 annual Investor Day, scheduled for Tuesday, September 10, 2024, from 8:00 am to 11:00 am ET. This virtual video event will be accessible live from Cimpress' investor relations website at ir.cimpress.com. The event will showcase presentations from executives across Cimpress and its businesses, highlighting progress against strategic goals.

Investors are encouraged to pre-submit questions for the Q&A portion by emailing ir@cimpress.com. There will also be an opportunity to ask live questions via chat during the webcast. A replay of the event will be available shortly after its conclusion at ir.cimpress.com/news-and-events/events.

Cimpress plc (Nasdaq: CMPR) has released its financial results for Q4 and fiscal year 2024 on its investor relations website. The company has provided a PDF document titled 'Q4 & Fiscal Year 2024 Quarterly Earnings Document' along with a spreadsheet containing historical financial data and operating metrics. Robert Keane, the founder, chairman, and CEO, has also posted an annual letter to investors.

Cimpress will host a public Q&A session on Thursday, August 1, 2024, at 8:00 am ET. Investors can access the live audio event on the company's website and submit questions via chat during the session or by email until 11:00 pm ET on July 31, 2024. A replay of the event will be available on the same link following the call.

Cimpress (Nasdaq: CMPR) will host a public Q&A call on Thursday, August 1, 2024, at 8:00 am ET, following the release of its Q4 FY2024 financial results on Wednesday, July 31, 2024, at 4:05 pm ET. The live call will be accessible via ir.cimpress.com, with a replay available shortly after. Investors can participate by submitting questions via email before 11:00 pm ET on July 31, 2024, or live during the call via chat.

Cimpress (Nasdaq: CMPR) has successfully repriced its $773 million USD Term Loan B (TLB) and increased it by $264 million, bringing the total to $1,037 million. The company used the additional funds to prepay most of its Euro TLB tranche, reducing it to €46 million. Cimpress executed a cross-currency swap to retain the lower base rate and currency mix of the Euro TLB tranche. These actions are expected to reduce annual cash interest expenses by approximately $6 million. The interest rate margin on the USD TLB tranche was lowered by 50 basis points to SOFR plus 3.00%, and the credit spread adjustment was removed. The Euro TLB tranche's interest rate remains unchanged at EURIBOR plus 3.50%. The maturity date for both tranches remains May 17, 2028.

Cimpress plc (Nasdaq: CMPR) will participate in the 19th Annual Needham Technology, Media, & Consumer Conference on May 15th in New York, NY. Meredith Burns, Vice President of Investor Relations and Sustainability, will present at 8:45am ET. The presentation will be webcast and available for replay for 90 days on the Cimpress Investor Relations website.

Cimpress plc (Nasdaq: CMPR) has released its financial results for the third quarter of fiscal year 2024, available on its investor relations website. The company will hold a Q&A session on May 2, 2024, and investors can submit questions in advance.