EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

 

{Deluxe Logo]  

Deluxe Corporation

P.O. Box 64235

St. Paul, MN 55164-0235

(651) 483-7111


N  E  W  S      R  E  L  E  A  S  E    
     
September 28, 2004  

For additional information:

Stuart Alexander

Vice President

Investor Relations

(651) 483-7358

Deluxe Announces Senior Notes Offering
   

Douglas J. Treff

Senior Vice President

Chief Financial Officer

(651) 787-1587

 

St. Paul, Minn.—Deluxe Corporation (NYSE: DLX) today announced that it plans to offer two series of Senior Unsecured Notes due 2007 and 2014, each with an initial aggregate principal amount of at least $250 million, in a private placement (Rule 144A offering), subject to market and other conditions. The senior notes will be offered within the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 (the “Securities Act”) and to persons in offshore transactions in reliance on Regulation S under the Securities Act. The net proceeds from the offerings will be used to replace a portion of short-term debt associated with Deluxe’s recent acquisition of New England Business Service, Inc. J.P. Morgan and Wachovia Securities are joint book-running managers for the notes offering.

 

The Senior Unsecured Notes are being sold to qualified institutional buyers in reliance on Rule 144A and outside the United States in compliance with Regulation S under the Securities Act of 1933. These notes have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

 

This communication is not an offer of the notes. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any state or jurisdiction in the United States in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

 

Forward-looking Statements

Statements made in this release concerning the Company’s or management’s intentions, expectations, or predictions about future results or events are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect management’s current expectations or beliefs, and are subject to risks and uncertainties that could cause actual results or events to vary from stated expectations, which variations could be material and adverse. Our forward-looking statements speak only as of the time made, and except as required by federal securities laws, we assume no obligation to publicly update any such statements. Information concerning factors that could cause actual results and events to differ materially from the Company’s current expectations are contained in the Company’s Form 10-Q for the quarter ended June 30, 2004.