Business Context and Reporting Period
Company: Deluxe Corp
Filing Type: Form 8-K (Current Report)
Date of Report: November 22, 2011
Reporting Period: The filing provides supplemental financial information related to the quarter ended June 30, 2011, and historical data as of December 31, 2010.
Key Financial Metrics
This filing does not report new operational results, revenue, profit, or cash flow figures for the period ending November 2011. Instead, it discloses the following debt instrument details:
- Debt Issuance: $200.0 million of 7.00% senior notes.
- Maturity Date: March 15, 2019.
- Issuance Date: March 2011.
- Guarantees: Obligations are jointly and severally guaranteed on a full and unconditional basis by existing and future direct and indirect subsidiaries.
The filing includes recasted historical condensed financial statements for the Guarantors in Exhibit 99.1. The filing explicitly states that this information has no impact on the Company's historical consolidated financial position, results of operations, or cash flows.
Material Changes
There are no material changes to the Company's consolidated financial results reported in this document. The filing serves to incorporate by reference recasted historical financial statements for the Guarantors into SEC filings. The text clarifies that the recasted information does not represent a restatement of previously issued financial statements.
Guidance, Outlook, and Risks
Management Commentary: Management notes that the information in Exhibit 99.1 does not reflect events occurring after the filing of the Form 10-Q for the quarter ended June 30, 2011. Significant developments may have occurred subsequent to that date and would be described in later filings.
Risks and Contingencies: The filing does not disclose new risks or contingencies beyond the obligations associated with the senior notes issued in March 2011.
Investor Verification Checklist
- Verify the terms of the $200.0 million 7.00% senior notes issued in March 2011.
- Review Exhibit 99.1 for the specific recasted historical financial statements of the Guarantors.
- Check subsequent SEC filings for any significant business developments occurring after June 30, 2011.
- Confirm that the recasted data does not alter previously reported consolidated financial results.