Business Context and Reporting Period
Company: Deluxe Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: September 28, 2004
Event: Pricing of two series of senior unsecured notes.
Key Financial Metrics
This filing reports on a specific financing event rather than periodic operating results. No revenue, profit, cash flow, or margin data is provided in this document.
| Note Series | Aggregate Amount | Maturity Date | Coupon Rate |
|---|---|---|---|
| 2007 Notes | $325 million | October 1, 2007 | 3.50% annually |
| 2014 Notes | $275 million | October 1, 2014 | 5.125% annually |
| Total Issuance | $600 million | - | - |
Material Changes
The filing announces a material change in the company's capital structure through the issuance of $600 million in new debt. The filing text does not provide comparative financial data or prior period metrics to quantify changes in leverage or liquidity ratios.
Guidance, Outlook, and Risks
- Management Commentary: The company issued a press release (Exhibit 99.1) regarding the pricing of the notes, which is incorporated by reference.
- Regulatory Status: The senior notes are not registered under the Securities Act or applicable state securities laws.
- Restrictions: The notes may not be offered or sold in the United States absent registration or an applicable exemption.
- Disclaimer: This report does not constitute an offer to sell or a solicitation of an offer to buy the senior unsecured notes.
Investor Verification Checklist
- Verify the full text of the press release (Exhibit 99.1) for details on the use of proceeds.
- Confirm the specific exemptions under which the notes are being offered to ensure compliance with securities laws.
- Review the company's most recent 10-Q or 10-K to assess the impact of this $600 million debt issuance on total leverage and interest coverage.
- Check for any covenants or restrictions associated with the new senior unsecured notes.