CPI Card Group Inc. Announces Redemption of $20 Million in Senior Secured Notes at 103% of Par
Reuters
Jul 08
CPI Card Group Inc. Announces Redemption of $20 Million in Senior Secured Notes at 103% of Par
CPI Card Group Inc. has announced its plan to redeem $20 million of its outstanding $285 million senior secured notes, which carry an interest rate of 10.000% and are due in 2029. The redemption is scheduled for July 15, 2025, and will be executed at a redemption price of 103.000% of the principal amount, in addition to any accrued and unpaid interest up to the redemption date. This move is part of the company's broader strategy to manage its financial obligations effectively.
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