Company: DLX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000027996-25-000189
Chunk: 75

Company: DELUXE CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 75
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,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 $40,000 swingline sub-facility and a $25,000 letter of credit sub-facility. Loans under the revolving credit facility can be borrowed, repaid, and re-borrowed until February 1, 2029, at which point all outstanding amounts must be repaid. The term loan facility is structured to be repaid in equal quarterly installments of $9,375 through December 2027 and $12,500 from March 2028 to December 2028, with the remaining balance due on February 1, 2029. The term loan facility includes mandatory prepayment requirements related to asset sales, certain casualty or other insured damage to assets, and new debt (excluding permitted debt), subject to certain limitations. No