Deluxe starts brief roadshow for $200 million 10-year senior notes

By Paul A. Harris

Portland, Ore., March 8 - Deluxe Corp. began a brief roadshow on Tuesday for its $200 million offering of 10-year senior notes (Ba2/expected BB-), according to a market source.

The Rule 144A and Regulation S with registration rights deal is expected to price late Wednesday or early Thursday.

J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are the joint bookrunners.

Bank of Tokyo-Mitsubishi UFJ, Fifth Third Bank and U.S. Bancorp Investments are the co-managers.

The notes come with five years of call protection.

Proceeds, along with cash drawn from the company's revolving credit facility, will be used to repurchase its 5% senior notes due 2012.

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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