Deluxe plans to use $200 million notes issuance to fund tender offer

By Paul A. Harris

Portland, Ore., Feb. 23 - Deluxe Corp. announced in a Wednesday press release that it plans to use the proceeds from a new $200 million offering of senior notes to fund a tender offer that is in the market.

Deluxe is tendering for its 5% senior notes due in 2012.

J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are the dealer managers for the tender.

The early consent deadline is March 7.

Deluxe is a St. Paul, Minn.-based provider of printed checks and deposit slips for financial institutions and printed products for small businesses.

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