Deluxe Corp Stock Price, News & Analysis

Deluxe (NYSE: DLX) CEO Barry McCarthy will deliver a keynote address at the 2024 Dale Carnegie International Convention, focusing on the company's transformation from a check printer to a modern payments and data solutions leader. Under McCarthy's leadership, Deluxe has evolved into a digital-first company processing over $2 trillion in annual payments volume.

The transformation has resulted in sustained revenue growth, enhanced free cash flow, and disciplined debt reduction. The company has developed digital receivables and payables platforms, merchant services, and data-driven marketing solutions powered by an industry-leading data lake, creating an integrated ecosystem for its customers.

Deluxe (NYSE: DLX), a Trusted Payments and Data company, announced the completion of a $450 million senior secured notes offering due 2029, with an interest rate of 8.125% per annum. The Notes were sold to qualified institutional buyers and certain non-U.S. persons under specific regulations. Additionally, Deluxe closed an amendment and restatement of its existing credit agreement, introducing new senior secured credit facilities that include a $400 million revolving credit facility and a $500 million term A loan facility, both maturing on February 1, 2029. The proceeds from the Notes and new credit facilities were used to refinance existing loans and cover transaction fees and expenses. The Notes and related guarantees are not registered under U.S. securities laws and cannot be sold in the U.S. without proper registration or exemptions.

Deluxe (NYSE: DLX) has announced the pricing of $450 million senior secured notes due 2029, upsized from the initial $400 million. The notes will pay interest semi-annually at 8.125% per annum. The company plans to use the proceeds, along with new senior secured credit facilities, to refinance existing term A loan and revolving credit facilities. The new credit facilities include a $400 million revolving credit facility and $500 million term A loan facility, extending maturity to February 1, 2029. The offering is expected to close on December 3, 2024.

Deluxe (NYSE: DLX) announces plans to offer $400 million in senior secured notes due 2029 through a private placement to qualified institutional buyers. The company will use the proceeds, along with new senior secured credit facilities, to refinance its existing term A loan and revolving credit facilities. The offering is contingent on closing an amendment to provide new facilities including a $400 million revolving credit facility and a $500 million term A loan facility.

Deluxe (NYSE: DLX) has announced an inducement grant for its newly appointed Senior Vice President, Chief Human Resources Officer, Kimberly D. Cross. The company granted her 34,468 restricted stock units valued at $800,000. The units will vest equally over two years, with installments on the first and second anniversary of the November 15, 2024 grant date.

Deluxe (NYSE: DLX), a Trusted Payments and Data company, has announced its participation in the upcoming Stephens Investment Conference in Nashville, TN. Barry McCarthy, President and CEO, and Chip Zint, SVP and CFO, will deliver a presentation on Wednesday, November 20th at 9:00 am ET. The presentation will be accessible via webcast through the company's investor relations website, with a replay available after the event.

Deluxe (NYSE: DLX), a Trusted Payments and Data company, has released its third quarter 2024 financial results. The earnings release is available on the company's Investor Relations website and will be filed with the SEC on Form 8-K. The company will host a conference call at 5:00 p.m. ET to discuss the results, with both toll-free and toll dial-in options available. A webcast with audio and slides will be accessible through the investor website, and a replay will be available until November 13, 2024.

Deluxe Foundation announced grants totaling $225,000 to nine nonprofit organizations, selected through its first-ever Employee Resource Group (ERG)-led grant selection process. Each nonprofit will receive $25,000 to support community initiatives aligned with the missions of Deluxe's nine ERGs. The selected organizations focus on various causes including education, accessibility, economic development, and healthcare support. Additionally, Deluxe offers employees up to 40 hours of paid Volunteer Time Off annually to support nonprofits of their choice.

Deluxe has been named a UiPath AI25 Award Winner, recognizing it among the 25 most innovative customers using AI and automation. The company demonstrated significant achievements by automating the review of over 900 legal documents in hours instead of weeks, resulting in 800+ hours of labor savings and a 99% increase in time-to-value.

The award, announced at UiPath FORWARD, acknowledges companies that leverage AI and automation to enhance productivity, transform experiences, deliver ROI, and support ESG initiatives. Through partnership with UiPath and qBotica, Deluxe successfully automated complex business processes, improving data accuracy and operational efficiency.