04:13 AM EDT, 09/13/2024 (MT Newswires) -- Cimpress ( CMPR ) said late Thursday it has priced a private offering of $525 million of 7.375% senior notes due 2032 at 100% of the principal amount.

The company said the notes will pay interest semi-annually. The issuance is expected to close on Sept. 26.

Concurrently, the company plans to amend its existing credit agreement to extend the maturity of its revolving credit facility and adjust its interest rate.

The proceeds from the offering will be used to redeem 7% senior notes due 2026 and cover fees and expenses related to the offering.