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CPI Card Group Inc  : Announces Closing of Private Offering of $310 Million of Senior Secured Notes and Entry into $50 Million ABL Revolver

Message : Required fields CPI Card Group Inc. (OTCQX: PMTS; TSX: PMTS) (“CPI” or the “Company”) today announced the closing of the previously announced private offering by its wholly-owned subsidiary, CPI CG Inc. (the “issuer”), of $310 million aggregate principal amount of its 8.625% senior secured notes due 2026 (the “notes”) and related guarantees. The issuer used the net proceeds from the offering, together with $22.8 million cash on hand and $15 million of initial borrowings under a $50 million secured asset based revolving credit facility that it entered into concurrently with the issuance of the notes (the “ABL revolver”), to repay in full and terminate its existing credit facilities and to pay related fees and expenses.

Plastic Cards Market Will Generate New Growth Opportunities in the next upcoming year – KSU

is expected register a substantial CAGR of 7.6% in the forecast period of2019-2026. Plastic Cards Market research report identifies the newest developments, market shares, and methods employed by the main market players. Besides, this market study affirms the leading players worldwide within the market. Their key Market strategies and advertising techniques are highlighted to supply a transparent understanding of the market. The report assists clients to strategize business policies and attain sustainable growth in their respective market domain. It covers the market size and forecast of the market, the inhibiting factors and impact of COVID-19 shaping the market during the forecast period. The Plastic Cards market business report analyzes products/segments/applications/areas to take a position in over the forecast period within the market.

Banking and Payment Smart Cards Market to Eyewitness Massive Growth by 2026 | Morpho, Oberthur Technologies, American Express

Banking and Payment Smart Cards Market to Eyewitness Massive Growth by 2026 | Morpho, Oberthur Technologies, American Express
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