DUNDALK, Ireland--Cimpress plc announced the pricing and allocation of a 7-year $1.1 billion senior secured Term Loan B (the “Term Loan B”) that would mature in 2033. The Term Loan B would bear interest at SOFR (with a SOFR floor of 0.00%) plus 2.50%, and be offered at 99.75% of par (or with an original issue discount of 0.25%). Cimpress is also extending the tenor of its $250 million secured revolving credit facility, which would now mature in 2031.

As previously disclosed, Cimpress will use funds borrowed under the Term Loan B to refinance its existing $1.065 billion Term Loan B due 2028 and for general corporate purposes. Cimpress expects to close the Term Loan B transaction by early June 2026 and that the transaction will be approximately net leverage neutral on a pro-forma basis.