09:50 AM EDT, 09/11/2024 (MT Newswires) -- Cimpress ( CMPR ) said Wednesday it has launched a private offering of $525 million in senior notes due 2032, subject to market conditions.

The company said it plans to use the net proceeds, along with available cash, to redeem its existing 7% senior notes maturing in 2026 and cover associated fees and expenses.

Cimpress ( CMPR ) also said it intends to amend its credit agreement to extend the revolving credit facility's maturity and adjust the interest rate.

The note offering and credit agreement amendment are independent of each other, the company added.

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