CPI Card Group Inc. Announces Closing of Private Offering of $310 Million of Senior Secured Notes and Entry into $50 Million ABL Revolver
CPI Card Group Inc. (OTCQX: PMTS; TSX: PMTS) (CPI or the Company) today announced the closing of the previously announced private offering by its wholly-owned subsidiary, CPI CG Inc. (the issuer), of $310 million aggregate principal amount of its 8.625% senior secured notes due 2026 (the notes) and related guarantees.
- CPI Card Group Inc. (OTCQX: PMTS; TSX: PMTS) (CPI or the Company) today announced the closing of the previously announced private offering by its wholly-owned subsidiary, CPI CG Inc. (the issuer), of $310 million aggregate principal amount of its 8.625% senior secured notes due 2026 (the notes) and related guarantees.
- This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes and related guarantees.
- About CPI Card Group Inc.
CPI Card Group is a payment technology company and leading provider of credit, debit and prepaid solutions delivered physically, digitally and on-demand. - CPI has more than 20 years of experience in the payments market and is a trusted partner to financial institutions and payments services providers.