Company: DLX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000027996-25-000189
Chunk: 27

Company: DELUXE CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 27
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 located in the 2024 Form 10-K.Postretirement benefit income is included in other income, net on the consolidated statements of comprehensive income and consisted of the following components:Quarter EndedSeptember 30,Nine Months EndedSeptember 30,(in thousands)2025202420252024Interest cost$397 $435 $1,191 $1,306 Expected return on plan assets(2,137)(2,099)(6,410)(6,296)Amortization of prior service credit(355)(355)(1,066)(1,066)Amortization of net actuarial losses212 334 636 1,001 Net periodic benefit income$(1,883)$(1,685)$(5,649)$(5,055)

NOTE 11: DEBTDebt outstanding was comprised of the following:(in thousands)September 30,2025December 31, 2024Senior secured term loan facility$470,792 $500,000 Senior unsecured notes475,000 475,000 Senior secured notes450,000 450,000 Securitization obligations70,000 78,917 Amounts drawn on senior secured revolving credit facility— 18,000 Total principal amount1,465,792 1,521,917 Less: unamortized discount and debt issuance costs(16,007)(18,766)Total debt, net of discount and debt issuance costs1,449,785 1,503,151 Less: current portion of long-term debt, net of debt issuance costs(37,215)(37,130)Long-term debt$1,412,570 $1,466,021 

18

DELUXE CORPORATIONCONDENSED NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share amounts)

Maturities of long-term debt were as follows as of September 30, 2025:(in thousands)Debt obligationsRemainder of 2025$9,375 202637,500 2027107,500 202850,000 20291,261,417 Total principal amount$1,465,792 Credit facility – In December 2024, we executed a $900,000 senior secured credit facility, which includes commitments of $400,000 under a revolving credit facility and $500,000 under a term loan facility. The revolving credit facility includes a $